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Show Tell Ranch Company how it recommendations. P2-6C. Cookie Mejias, owner of Mejias Company, would like to know how each of the following situations would
Show Tell Ranch Company how it recommendations. P2-6C. Cookie Mejias, owner of Mejias Company, would like to know how each of the following situations would affect the totals of the trial balance and individual ledger accounts: 1. An $850 payment for a desk was recorded as a debit to Office Equipment $85, and a credit to Cash, $85. 2. A payment of $300 to a creditor was recorded as a debit to Accounts Payable, $300, and a credit to Cash, $100. 3. An Accounts Receivable collection of $400 was recorded as a debit to Cash, $400, and a credit to C. Mejias, Capital, $400. payment of a liability of $400 was recorded as a debit to Accounts Payable, $40, and a credit to Supplies, $40. 4. The 5. A purchase of equipment for $800 was recorded as a debit to Supplies, $800, and a credit to Cash, $800. 6. A payment of $95 to a creditor was recorded as a debit to Accounts Payable, $95, and a credit to Cash, $59. What would you tell Cookie? Which accounts would be overstated and which like these can be avoided. mistake ETHICAL CONSIDERATIONS EC2-1. The Role of Ethico
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