Maurice Tutor

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About Maurice Tutor

Levels Tought:
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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, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

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 6.00

Muscular Consulting

8.     Assume that Muscular Consulting erroneously recorded the payment of   $7,500   of   dividends as a  debit  to  Salary  Expense.  (a)  How  would this error affect the equality of the trial balance?

(b) How would this error affect the income statement, retained earnings statement, and balance  sheet?

9.     Assume that Sunshine Realty Co. borrowed $300,000 from Columbia First Bank and Trust. In recording the transaction, Sunshine erroneously recorded the receipt as a debit to Cash, $300,000, and a credit to Fees Earned, $300,000. (a) How would this error af- fect the equality of the trial balance? (b) How would this error affect the income statement, retained earnings statement, and balance sheet?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 6.00

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