Question
Question 1) You are given the following complete trial balance: Debits Credits Account A $320 Account B 900 Account C 670 Account D 130 Account
Question 1)
You are given the following complete trial balance:
| Debits | Credits |
Account A | $320 |
|
Account B | 900 |
|
Account C | 670 |
|
Account D | 130 |
|
Account E |
| $2,700 |
Account F |
| 1,000 |
Account G |
| 800 |
Account H |
| 400 |
| $2,020 | $4,900 |
Which account appears to be the result of a slide error?
Account A
Account B
Account C
Account D
Account E
Account F
Account G
Account H
Question 2) On a bank reconciliation, you adjust for a customers NSF check by:
increasing the book balance by the amount of the NSF check | ||
reducing the bank balance by the amount of the NSF check | ||
increasing the bank balance by the amount of the NSF check | ||
reducing the book balance by the amount of the NSF check |
Question 3) If a trial balance is in balance, it means there are no errors within the accounting records.
True
False
Please answer these three questions and don't skip any, due to the policy of Chegg
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