For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial

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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 of depreciation of $3,500 was omitted from the end-of-period adjusting entries.
b. The adjustment of $2,565 for accrued fees earned was journalized as a debit to Accounts Receivable for $2,565 and a credit to Fees Earned for $2,556.

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...
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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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