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Please fill in the wrong areas. Thank you! Trial balance errors For each of the following errors, considered individually, indicate whether the error would cause
Please fill in the wrong areas. Thank you!
Trial balance errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero (" 0 ") in the amount box. a. The payment of cash for the purchase of office equipment of $15,000 was debited to Land for $15,000 and credited to Cash for $15,000. by 5 b. The payment of $3,000 on account was debited to Accounts Payable for $300 and credited to Cash for $3,000. by $ x c. The receipt of cash on account of $1,200 was recorded as a debit to Cash for $2,100 and a credit to Accounts Receivable for $1,200. by ? x Feedback r Check My Work a. The trial balance column totals should be equal. Consider the accounts involved, the type of account, and if the transaction increases or decreases the account. What is the amount in the Debit column and the amount in the Credit column after this transaction? b. The trial balance column totals should be equal. Consider the accounts involved, the type of account, and if the transaction increases or decreases the account. Was this payment properly recorded? After determining this, is the amount correct? c. The trial balance column totals should be equal. Consider the accounts involved, the type of account, and if the transaction increases or decreases the account Remember, total debits should equal total credits in the transaction to maintain equality in the trial balance. Was the cash recelved properly recorded? After determining this, is the amount correct Step by Step Solution
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