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what accounts will be affect . A purchase of office equipment for $105 on account was never recorded in the ledger. Professional Fees (Revenue) was

what accounts will be affect

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. A purchase of office equipment for $105 on account was never recorded in the ledger. Professional Fees (Revenue) was understated in the ledger by $180. Show how the trial balance will indeed balance once these items are corrected. Tell Ranch Company how it can avoid this problem in the future. Write out your recommendations BC. Cookie Mejias, owner of Mejias Company, asked her bookkeeper how each of Preparing accurate tran the following situations will affect the totals of the trial balance and individual records ensures the tria ledger accounts. will be correct . An 5850 payment for a desk was recorded as a debit to Office Equipment, 0 (20 min) $85, and a credit to Cash, $85. * A payment of $300 to a creditor was recorded as a debit to Accounts Pay. able, $300, and a credit to Cash, $100, . An Accounts Receivable collection of $400 was recorded as a debit to Cash, 5400, and a credit to C. Mejias, Capital, $400. *The payment of a liability of $400 was recorded as a debit to Accounts Pay- able, 540, and a credit to Supplies, $40. . A purchase of equipment for $800 was recorded as a debit to Supplies, 5800, and a credit to Cash, 5800. A payment of $95 to a creditor was recorded as a debit to Accounts Payable, $95, and a credit to Cash, $59. What did the bookkeeper tell Cookie? Which accounts were overstated and which were understated? Which were correct? Explain in writing how mistakes can be avoided in the future. Esc F1 F2 F3

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