Question: While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to the

While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to the Office Supplies account. The effect of this error will be as follows: Multiple Choice This error will not make any difference. The total debits in the trial balance will be larger than the total credits. The trial balance will not balance.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Dell Computers is a leader in the computer industry with over $90 billion in sales each year. A recent annual report for Dell contained the following note: 1. Assume that estimated warranty costs for...

A statement of financial position is another name for: A. The income statement. B. The balance sheet. C. The statement of cash flows. D. The statement of changes in equity. 2. A statement of profit...

Question 16(1 point) A balance sheet lists: Question 16 options: 1) The types and amounts of the revenues and expenses of the business 2) Only the information about what happened to equity during a...

While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to the Office Supplies account. The effect of this error will be as follows:...

Imagine and describe some simple daily behaviors you could engage in that would help you and others behave in prosocial ways more often. Think about the psychology of prosocial behavior and why we're...

Gostaderfs must copiplete the questions by themsefver. Questioe 1 Multiple Cholce Questioes, (20 marks) Please choose the best answer for each question and write the correspoeding letter on the...

Alberto Holland is the owner of Perfecto Coffee, a specialty coffee machine business he started two years ago.Alberto sells 2 types of coffee machines that he purchases from manufacturers. He...

Basic steps in the recording process include all of the following except: a. Transfer the journal information immediately to the company annual report b. Analyze each transaction for the effect on...

Alberto Holland is the owner of Perfecto Coffee, a specialty coffee machine business he started two years ago.Alberto sells 2 types of coffee machines that he purchases from manufacturers. He...

Research at least 5 of the following statistics in order to compare the three countries: Human Development Index rank Per capita income (GNI per capita) Population who earn below $2.00 per day GDP...

Suppose that Cana is deciding whether or not to buy a pair of sneakers that she has been researching online, and also the best place to make her purchase. Three different stores in the area sell the...

Air at 25C with a dew-point temperature of 0C flows past the open end of a vertical tube filled with liquid water maintained at 25C. The tube has an inside diameter of 0.83 in., and the liquid level...

One alkankage of a conporate form of organization is that it socids doable taxation. True rate

You are a Head of M&A with LVMH (owns Louis Vuitton, Hermes and other clothing and jewelry brands). Describe your M&A goals by answering the following questions: 1. What would be your target?...

Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...

Please draw the fishbone diagram and Pareto diagram for the situation below. (50/100pts) Situation: when they ship out tires from their warehouses, they have shipping discrepancy such as tire...

Jamal took over as the general manager of High view Clique Resort Ltd., a famous tourist hotel in October 2020. At the time, the salaries to employees were six months in arrears. The hotel rooms,...

During your free evenings you have come up with a great idea for a new product called the Analytics Optimizer (A-Op), which is a proprietary business tool that allows companies to keep track of the...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Jiffy Lube International, the vehicle maintenance company, is committed to providing a fast, high-quality, worry-free service experience for its customers. Jiffy Lubes technicians provide a number of...

Go to https://www.saba.com/resources/product-information/datasheet-learning, the website for Halogen TalentSpace/Learning. This is an example of an LMS. Download the product information. How does the...

Watch the YouTube video of a service technician repairing an elevator using augmented reality at https://www.youtube.com/watch?v=8OWhGiyR4Ns. What is the potential value of augmented reality as shown...