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(The following information applies to the questions displayed below. You are told the columns' totals In a trial balance are not equal (Total Debit do
(The following information applies to the questions displayed below. You are told the columns' totals In a trial balance are not equal (Total Debit do not equal Total Credit). After careful analysis, you discover only one error. Specifically, a correctly Journalized purchase of equipment on credit for $6,250 is posted from the journal to the ledger with a $6,250 debit to Office Equipment and another $6,250 debit to Accounts Payable. The Office Equipment account has a debit balance of $14,812 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement. 11. value: 3.00 points Part (a through d): For each of the following statements: 1. Select the appropriate choice from the 'Account Status' column 2. In cases where the amount is understated or overstated, use the 'Amount' column to fill in the amount by which the account or trial balance total is understated or overstated. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "S" sign in your response.) All accounts in the trial balance have normal balances even after the error has occurred. Statements Account Status a. The debit column total of the trial balance (Click to select) Amount b. The credit column total of the trial balance (Click to select) c. The balance of the Office Equipment in the trial balance (Click to select) 0 d. The balance of the Accounts Payable account in the trial balance (Click to select)
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