Chapter 2

KeAssignment/takeAssignmentMain.do?invoker=&takeAssignme apter 2 Practice Problems eBook Calculator Print Item Effect of Errors on Trial Balance The following errors occurred in posting from a two-column journal: 1. A credit of $4,770 to Accounts Payable was not posted. 2. A debit of $1,340 to Cash was posted to Miscellaneous Expense. 3. A credit of $250 to Cash was posted as $520. 4. A debit of $5,820 to Wages Expense was posted as $5,280. 5. An entry debiting Accounts Receivable and crediting Fees Earned for $21,900 was not posted. 6. A debit of $1,070 to Accounts Payable was posted as a credit. 7. A debit of $2,270 to Supplies was posted twice. Considering each case individually (I.e., assuming that no other errors had occurred): Ka) Indicate by "yes" or "no" whether the trial balance would be out of balance. kb) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ. Kc) indicate whether the debit or credit column of the trial balance would have the larger total. if"no" enter "o" in the difference column and select "neither" from the drop box under "Larger Total". Enter all amoun 1) given as an example: Error Out of Balance Difference Larger Total CUVUN VILLICITUT kb) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would Kc) Indicate whether the debit or credit column of the trial balance would have the larger to If "no", enter "0" in the difference column and select "neither" from the drop box under "La (1) given as an example: Error Out of Balance Difference Larger Total 1. Yes $4,770 Debit 12. No $ 07 Neither 3. Yes $ X Credit 4. Yes $ X Credit 5. Nov $ 0 Neither 6. Yes Credit $ $ 7. Yes X Debit