Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QS 2-12 (Algo) Identifying a posting error LO P1 A trial balance has total debits of $39,000 and total credits of $53,000. Which one of

image text in transcribed
image text in transcribed
QS 2-12 (Algo) Identifying a posting error LO P1 A trial balance has total debits of $39,000 and total credits of $53,000. Which one of the following errors would create this imbalance? Martiple Choice A 514,000 detat posting to Equpment was posted mistakenly to Cach A 57000 debit postng te Accoumts Receivabe was posted mistokenly to tand. An entry debiting Cosh and crediting Accounts Payabie for $11,000 was mistakenly not posted A siu,000 debit to Salares Expense in a journal entry was incorrecty posted to the ledger as a 514000 credit, leaving the Solaries Expense accoint with in \$2.050 debit balance A 57000 debit to Uulies Expense in a journal enty was incocrecty posted to vie iedper as a 57.000 crede leovng the Utiubes fypense A 514,000 debit narithg to Equipment was posted mistakenty to Caph A 57000 debit posking to Accounts Receivable was ported mistavenily to Lend At entry debiting Cash and crodiuing Accounts Poyabe for $4,000 was mistakeny not posted A \$14,000 debit to Solaries Expense in ajournol entry was inconectly potied to the hedger as a 514,000 credit, leaving the Salaries Eapense account with as 52750 debit balance A 57,000 debit to Ubikens Expense in a joumal entry whs incomectly posted to the ledger os a s7.000 ccedt, Indving the Uthities Expense. account wher a 97,750 debit bylance A \$7000 credit to Consuiting fevenke in a foumal enty was incarectly poped to the ledger as a s7000 debt, leaveng the Consusing Pevenue account with in 115,800 credit belance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Lean Auditing Driving Added Value And Efficiency In Internal Audit

Authors: James C. Paterson

1st Edition

1118896882, 978-1118896884

More Books

Students also viewed these Accounting questions