Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 8.00

two-column journal

The following errors occurred in posting from a two-column journal:

1.     A credit of $6,000 to Accounts Payable was not posted.

2.     An entry debiting Accounts Receivable and crediting Fees Earned for $5,300 was not posted.

3.     A debit of $2,700 to Accounts Payable was posted as a credit.

4.     A debit of $480 to Supplies was posted twice.

5.     A debit of $3,600 to Cash was posted to Miscellaneous Expense.

6.     A credit of $780 to Cash was posted as $870.

7.     A debit of $12,620 to Wages Expense was posted as $12,260.

Considering each case individually (i.e., assuming that no other errors had occurred), indicate: (a) by “yes” or “no” whether the trial balance would be out of balance; (b) if answer to (a) is “yes,” the amount by which the trial balance totals would differ; and

(c) whether the Debit or Credit column of the trial balance would have the larger total. Answers should be presented in the following form, with error (1) given as an example:

 

 

 

Error

(a)

Out of balance

(b) Difference

(c) Larger Total

 

 

1.

yes

$6,000

debit

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 8.00

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