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Please answer question #14, Showing all work accordingly in all sections. Thank you! The bookkeeper for Roger's dance studio made the following errors in journalizing
Please answer question #14, Showing all work accordingly in all sections. Thank you!
The bookkeeper for Roger's dance studio made the following errors in journalizing and posting, For each error, indicate whether the trial balance will balance; the amount of the difference if the trial balance will not balance and the trial balance column that will have the larger total. Consider each error separately. Use the following form, in which error 1 is given as an example. Error In Balance Difference Larger Column 1 No $500 Debit 2 3. NIA Debat Credit 4. Acredit to Supplies of $500 was omitted. A debit posting of $100 to Accounts Payable was inadvertently debited to Accounts Receivable. A purchase of supplies on account of $300 was debited to Supplies for $390 and credited to Accounts Payable for $390. A credit posting of $580 to Interest Payable was posted twice. A debit posting to Income Taxes Payable for $100 and a credit posting to Cash for $100 were made twice. A debit posting for $1,000 of Dividends was inadvertently posted to Salaries and Wages Expense instead. Acredit to Service Revenue for $350 was inadvertently posted as a debit to Service Revenue. A credit to Accounts Receivable of $150 was credited to Accounts Payable. 5. 6. 7. 8 Step by Step Solution
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