Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and
Question:
(a) Would this error cause the trial balance to be out of balance?
(b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
a No Because the same error occurred on both the debit s...View the full answer
Answered By
Diane Joyce Pastorin
Please accept my enthusiastic application to solutioninn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
Manufacturing cost flow for multiple accounting cycles The following events apply to Caldwell Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated....
-
Manufacturing cost flow for multiple accounting cycles The following events apply to Wilkinson Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated....
-
The following events apply to Salter Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated. Transactions for the 2013 Accounting Period 1. The company...
-
The electric fields at point P due to the positive charges q 1 and q 2 are shown in Fig. Q21.22. Does the fact that they cross each other violate the statement in Section 21.6 that electric field...
-
The following selected transactions were taken from the records of Shaw Company for the first year of its operations ending December 31, 2008. Jan. 31 Wrote off account of B. Roberts, $2,400. Mar. 26...
-
A saturated-vapor mixture of maleic anhydride and benzoic acid containing 10 mol% acid is a by-product of the manufacture of phthalic anhydride. This mixture is distilled continuously at 13.3 kPa to...
-
Calculate the pH of the following solutions. (a) 0.10 M sodium nitrate (b) 0.050 M KF Strategy Look at the ions formed when the salt dissolves. If both are spectator ions, the pH will be set by the...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
This is a child pornography case. The defendant was charged with distributing child pornography. The video at issue was a video of his 2-year old grandson. At trial, the government called Banks's...
-
An invoice for $2365.00 has terms 2/10, n/30. The amount credited on a payment made within the discount period was $1365.00. What was the amount of the payment?
-
On January 1, 2015, Dr. Marcie Cousins established Health-Wise Medical, a medical practice organized as a proprietorship. The following conversation occurred the following August between Dr. Cousins...
-
As of January 1, Terrace Waters, Capital, had a credit balance of $314,000. During the year, withdrawals totaled $10,000, and the business incurred a net loss of $320,000. a. Compute the balance of...
-
Describe the elements of a strategic purchasing plan.
-
[12] 3. Evaluate each limit. For nonexistent limits, give the best answer from among oo, -00, DNE. As always, show supporting work and/or explanation on these. a) lim (5 sec(r) + 3 tan(z)) 347 b) lim...
-
A city ordinance requires a taxicab operator's license to operate a taxicab that city. The ordinance states that the sole criteria for the issuance of such a license are driving ability and knowledge...
-
Globex Corporation has decided to start expanding internationally and will begin operations in two new countries within the next year. There will be a change in operation throughout the company...
-
IGRA prohibits States from imposing a tax, fee, charge, or other assessment upon a tribe as part of the compact negotiations. A payment to the State constitutes a tax if A) The payment is to a State...
-
For each of the following broad category of hazards, identify a specific hazard (e.g., tornado or Ebola epidemic) and explain the types of consequences and impacts it can have on a community or...
-
How is mobile computing creating an attractive opportunity for advertisers? Will consumers be receptive to this type of communication? Why or why not?
-
Refer to the data for problem 13-36 regarding Long Beach Pharmaceutical Company. Required: Compute each division's residual income for the year under each of the following assumptions about the...
-
The following expenses were incurred by a merchandising business during the year. In which expense section of the income statement should each be reported: (a) Selling, (b) Administrative, or (c)...
-
The following expenses were incurred by a merchandising business during the year. In which expense section of the income statement should each be reported: (a) Selling, (b) Administrative, or (c)...
-
What is the normal balance of the following accounts? (a) Cost of Merchandise Sold, (b) Delivery Expense, (c) Merchandise Inventory, (d) Sales, (e) Sales Discounts, (f) Sales Returns and Allowances,...
-
Cost leadership is an effective business-level strategy to the extent that a firm offers low prices, provides satisfactory quality, and attracts enough customers to be profitable Discuss two examples...
-
Differentiation Strategy is an approach that pushes organisations to develop a unique product or service compared to their competitors strategically. Analyse in detail one organisation whereby...
-
The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs through which of the following? -By codifying into law incentives for organizations to...
Study smarter with the SolutionInn App