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 for accrued fees of $5,210 was journalized as a debit to Accounts Receivable for $5,210 and a credit to Fees Earned of $5,120.

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.

b. The adjustment of depreciation of $4,740 was omitted from the end-of-period adjusting entries

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.

Answer rating: 100% (QA)

a Accrued Fees of 5210 was journalized by debiting the accounts receivable ... View the full answer