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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A. The Checking account balance was understated by $304.30.
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B. The Accounts Receivable account balance is overstated by $32.33.
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Step 1: What do you think are the most likely causes of the two errors? Be specific regarding which transaction might be in error.
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Step 2: How would you correct each of the errors? Specifically, what actions would you take so that your trail balance would show the correct balances?
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