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Questions a to e from Exercises seems complicated in terms of error. since I do not get the clear idea/concepts of Error, I am struggling
Questions a to e from Exercises seems complicated in terms of error. since I do not get the clear idea/concepts of Error, I am struggling and end up stuck in these questions associated with error. Idea of Error that I thought is correct does not work for those questions above.
can anyone explain in detail the idea of error and the applications so that I can work on the above questions.
Please provide explanation in detail in word format since i may not recognize your handwriting.
thanks in advance
brecit to Services Revenue was posted an a 84n crecit As1,440 debit to Store Supplies was not posted at an Crea i shore suppiies e A$2.250 debit to Prepaid Insurance was posted as a debit to Insurance Expense A$4.050 credit to Cash was posted twice as two credits to the Cash account. Prepid inusmonce 4,050 cash g A$9,900 debit to the owner's c apita withdrawais account was debited to the owner's capital account. Exercis Analyzing the trial balance LO3,5,6 ing March, Salma Ahmad, the owner Doa credits equal. The following errors were noted: of Doan Cleaning Services, had trouble keeping herebs a. Ahmad did not post the entry to record $3,500 of services performed on account. b. In posting a $300 payment on account, debited Cash and credited Accounts Payable. c. In posting a cash payment, correctly debited Accounts Payable for $425 but incor correctly credited Cash for $245. d. In posting a cash receipt of $750, debited Cash but forgot to post the credit to Accounts Receivable. e. In posting the purchase of $1,000 of equipment on credit, debited Accounts Payable and credited Equipment. equired For each of the errors described, indicate: 1. Whether debits equal credits on the trial balance, and 2. Which account(s) have incorrect balancesStep by Step Solution
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