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Question

false enow.com/e/takeAssignment/takeAs nvoker ansignments&takeAssignmentSessionlocator; assignment-take Would the following errors cause the trial balance to have equal or unequal totals? As a result of the errors, which accounts are overstated (by how much) or understated (by how much)? Enter all amounts as positive numbers o recorded as a debit to Office Equigment for $124 and a credit to Cash for $124 totals in the trial balance. Office Equipment is b A payment of $375 to a creditor was debited to Accounts Recelivable and credited to Cash for $375 each. totals in the trial balance. by by Accounts Receivable is c. Apurchase of supplies for s300-as recorded asdebit te Eqdp ere for noo and gedt to Cash for $300. totals in the trial balance. Equigment is pavment of 595 to a credior was recorded as a debit to Accounts Payable for $98 and a credit to Cash for $89. Y totals in the brial balance

Explanation / Answer

Ans.(a) Equal totals in the trial balance.

Office equipment is understated by $111,6

Cash is overstated by $ 111,6

Ans.(b) Unequal totals in the trial balance.

Accounts receivable is overstated by $ 375

Creditor is overstated by $ 375

Ans.(c) Equal totals in the trial balance.

Equipment is overstated by $ 300

Supplies is understated by $ 300

Ans (d) Unequal totals in the trial balance

Cash is overstated by $ 9

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