Refer to Yellowberry, Inc.'s, trial balance in Short Exercise 2-15. The purpose of this exercise is to

Question:

Refer to Yellowberry, Inc.'s, trial balance in Short Exercise 2-15. The purpose of this exercise is to help you learn how to correct three common accounting errors.
Error 1. Slide. Suppose the trial balance lists Land as $4,800 instead of $48,000. Recompute column totals, take the difference, and divide by 9. The result is an integer (no decimals), which suggests that the error is either a transposition or a slide.
Error 2. Transposition. Assume the trial balance lists as $41,000 instead of $14,000. Recompute column totals, take the difference, and divide by 9. The result is an integer (no decimals), which suggests that the error is either a transposition or a slide.
Error 3. Mislabeling an item. Assume that Yellowberry, Inc., accidentally listed as a credit balance instead of a debit. Recompute the trial balance totals for debits and credits. Then take the difference between total debits and total credits and divide the difference by 2. You get back to the original amount of 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...