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Pihal Kesm Tu rurrect this error in 20X0, you need te ed t the adiuting entry that was not made beeause an expense account is
Pihal Kesm Tu rurrect this error in 20X0, you need te ed t the adiuting entry that was not made beeause an expense account is ivelved h ne error was made recording the nute paysble un July 1, 20X0 an accrual is involved rather than a deferral A the booke have not been cloned ment nd oer Ka check written by the company is recorded for the wrong amunt, the error is likely to be found because a the trial balance will be out of hallance by an ament diviible by 9 b. the trial balance will be out of halance by an amont diviible by 2 e the bank reconeiliation will be out of halanoe when the check clears d. the balance sheet will be out of balance Bect. 26. On October 1, 20X1, MarCo signa a une-year, S note payable for S10,000 with principle and interest due on October 1, 20X2 t i MarCo's only note outstanding. On October 1, 20x2 when the note ia paid, MarCo deb- its Notes Payable and eredits Cash for $10800, the mam of principle and interest. This error is likely to be found because a. the bank reconciliation will be out of balance when the check clears b. the trial balance will be out of halance by $800 e the trial balance will show a balance in Notes Payable that is not rmal d. interest expense will be understated While writing a check for 82,000 on April 26, 22 for a computer purchad on December 26, 20X1, you discover that when the purchase was made in December, the $2.000 had been credited to Notes Payable instead of Ae- counte Pavable. If the books are closed, what eingle entry could you make? 27. t by 2,000 a. Notes Payable Accounts Pavable b. Notes Payable by 2,000 2.000 wted 2,000 Cash 2,000 500 c. Accounts Payable Cash d. Accounts Payable Notes Payable 2,000 2.000 2,000 133
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