Would the following errors cause the trial balance to have equal or unequal totals? As a result

Question:

Would the following errors cause the trial balance to have equal or unequal totals? As a result of the errors, which accounts are overstated (by how much) or understated (by how much)?
a. A purchase of office equipment for $ 380 was recorded as a debit to Office Equipment for $ 38 and a credit to Cash for $ 38.
b. A payment of $ 280 to a creditor was debited to Accounts Receivable and credited to Cash for $ 280 each.
c. A purchase of supplies for $ 245 was recorded as a debit to Equipment for $ 245 and a credit to Cash for $ 245.
d. A payment of $ 76 to a creditor was recorded as a debit to Accounts Payable for $ 76 and a credit to Cash for $ 67.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

Question Posted: