Question
P3-4C. Seleste Ayala, an accountancy lab tutor, is having a debate with some of her assistants. They are trying to find out how each
P3-4C. Seleste Ayala, an accountancy lab tutor, is having a debate with some of her assistants. They are trying to find out how each of the following unrelated situa- tions would affect the trial balance: 1. $5 debit to Cash in the ledger was not posted. 2. $10 debit to Computer Supplies was debited to Computer Equipment. 3. An $8 debit to Wages Expense was debited twice to the account. 4. A $4 debit to Computer Supplies was debited to Computer Sales. 5. $35 credit to Accounts Payable was posted as a $53 credit. Indicate to Seleste the effect that each situation will have on the trial balance. If a situation will have no effect, indicate that fact. Put in writing how each of these situations could be avoided in the future.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started