Use the following information to answer questions 22-24.

On July 1, 20X0, CriCo takes out a 10%, $10,000 note payable that is

due on July 1, 20X1. No interest is accrued at year-end 20X0.

1/ To correct this error in 20X0, you need to record just the adjusting entry

that was not made because . . .

a. an expense account is involved

b. no error was made recording the note payable on July 1, 20X0

QUESTION 2

2/ If trial balance total debits are $72,000 and total credits are $74,700, then

the error cannot be . . .

a. a slide

b. a doubling error

c. a transposition for which you can find the error by investigating

each account where the difference between the first two digits of

its balance is 3

d. Actually, you can find the error using a, b or c.