Question

For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
a. The adjustment for accrued wages of $3,600 was journalized as a debit to Wages Expense for $3,600 and a credit to Accounts Payable for $3,600.
b. The entry for $1,480 of supplies used during the period was journalized as a debit to Supplies Expense of $1,480 and a credit to Supplies of $1,840.



$1.99
Sales1
Views119
Comments0
  • CreatedOctober 14, 2011
  • Files Included
Post your question
5000