Seleste Ayala, an accountancy lab tutor, is having a debate with some of her assistants. They are

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Seleste Ayala, an accountancy lab tutor, is having a debate with some of her assistants. They are trying to find out how each of the following unrelated situations would affect the trial balance:
1. $5 debit to Cash in the ledger was not posted.
2. $10 debit to Computer Supplies was debited to Computer Equipment.
3. An $8 debit to Wages Expense was debited twice to the account.
4. A $4 debit to Computer Supplies was debited to Computer Sales.
5. $35 credit to Accounts Payable was posted as a $53 credit.

Indicate to Seleste the effect that each situation will have on the trial balance. If a situation will have no effect, indicate that fact. Put in writing how each of these situations could be avoided in the future.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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