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The bookkeeper for Patricia s dance studio made the following errors in journalizing and posting. For each error, indicate ( a ) whether the trial
The bookkeeper for Patricias dance studio made the following errors in journalizing and posting.
For each error, indicate a whether the trial balance will balance, b the amount of the difference if the trial balance will not balance, and c the trial balance column that will have the larger total. Consider each error separately. Use the following form, in which error is given as an example.
Error
a In Balance
b Difference
c Larger Column
A credit to Supplies of $ was omitted.
No
$
Debit
A debit posting of $ to Accounts Payable was inadvertently debited to Accounts Receivable.
select an option
enter a dollar amount
select an option
A purchase of supplies on account of $ was debited to Supplies for $ and credited to Accounts Payable for $
select an option
enter a dollar amount
select an option
A credit posting of $ to Interest Payable was posted twice.
select an option
enter a dollar amount
select an option
A debit posting to Income Taxes Payable for $ and a credit posting to Cash for $ were made twice.
select an option
enter a dollar amount
select an option
A debit posting for $ of Dividends was inadvertently posted to Salaries and Wages Expense instead.
select an option
enter a dollar amount
select an option
A credit to Service Revenue for $ was inadvertently posted as a debit to Service Revenue.
select an option
enter a dollar amount
select an option
A credit to Accounts Receivable of $ was credited to Accounts Payable.
select an option
enter a dollar amount
select an option
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