. cdn.student.uae.examus.net/?rldbqn3D1&sessi...ACCT101 FEX_2021_2_MaleA company failed to post a SR50 debit to the cashe18account. The effect of this error will be that:31 - 34a.The total debits in the trial balance will be larger than the total3.11295°The error will overstate the debits listed in the journalb.95abe18C.The trial balance will not balanced.9.5abe18c33The cash account balance will be overstatedabe18ce95abe18ce3395a95abe18ce3395abe18ce3395abe18ce33MacBook ProF3000F4FSF6E5F76&DII7.7 VT.8AY9U****S4

Correct Option A i.e. The trial balance will not balance.

- cdn.student.uae.examus.net/ridbqn1 ACT101_FEX_2021_2_Male A comp iny failed to post a SR50 debit to the cash account. The effect of this error will be that: 31 - 34 a. The total debits in the trial balance will be larger than the total 11 95 b. The error will overstate the debits listed in the journal 95abe18 C. The trial balance will not balance 3.5ab. edits3 d. The cash account balance will be overstated abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro 204 FS 4 % 61 F7 Dl & DO T. V 8A Y TO SARH 15

- cdn.student.uae.examus.net/ridbqn1 ACT101_FEX_2021_2_Male A comp iny failed to post a SR50 debit to the cash account. The effect of this error will be that: 31 - 34 a. The total debits in the trial balance will be larger than the total 11 95 b. The error will overstate the debits listed in the journal 95abe18 C. The trial balance will not balance 3.5ab. edits3 d. The cash account balance will be overstated abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro 204 FS 4 % 61 F7 Dl & DO T. V 8A Y TO SARH 15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Entry for Uncollectible Accounts Sun Valley Rides is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible Not past due $2,025,000 3 % 1-30 days past due 900,000 2 31-60 days past due 135,000 61-90 days past due 60,000 18 91-180 days past due 30,000 52 Over 180 days past due 15,000 82 $3,165,000 Assume that the allowance for doubtful accounts for Sun Valley Rides had a negative balance of $(17,015) as of December 31, 20Y3. Illustrate the effects of the adjustment for uncollectible accounts as of December 31, 20Y3, on the accounts and financial statements. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.
Multiple choice:
Mercury Company's unadjusted book balance at September 30 is $500. If the company's accountant mistakenly recorded a $136 check as $163. After correcting the mistake, Mercury Company would showa cash balance of $
Q.17. The check register for Bellam Furniture showed a balance of $3,511.91. Checks were written for $2,593.02 and $72.80. A deposit was made for $6,982.22. Compute the new balance shown in the check register.
ME11Which of the following errors, each considered individually, would cause the trial balance totals to be unequal?a) A payment of $488 to a creditor was posted as a debit of $848 to Accounts Payable and a debit of $488 to Accounts Receivable.b) Cash received from customers on account was posted as a debit of $450 to Cash and a credit of $450 to Accounts Payable.c) A payment of $79 for supplies was posted as a debit of $907 to Supplies and a credit of $907 to Cash.d) A transaction was not posted.
MCQs Which is an error of omission?a. No entries have been made for the purchase of stationery by cheque.b. Purchase of stationery has been entered only in the cash book.c. Purchase of stationery has been entered only in the stationery account.d. The stationery account has been omitted from the trial balance.
Use the following information to complete the check stub. Amount Total from Date To For Deposits Other of this Check previous Stub $136; $100 cash Mar. 8, 2014 Plumber Septic $1848.57 $6097.43 $1457.12 withdrawal Amount $ To Plumber For Septic Total Deposits This Check Other (+ or -) Balance $
The following information is from Madison Corporation's accounting records for May. Check #3269 was returned as a double payment and voided. Checks that have not cleared the bank include #3252, #3260, and series #3275-3278. Check # Amount Check # Amount 3247 $ 32.64 3263 $ 24.87 3248 400.00 3264 45.00 3249 309.22 3265 33.78 3250 256.00 3266 756.77 3251 3,212.17 3267 84.34 3252 56.89 3268 789.00 3253 98.02 3269 48.90 3254 47.55 3270 34.41 3255 1,124.77 3271 872.00 3256 250.00 3272 22.00 3257 68.00 3273 562.38 3258 215.56 3274 512.00 3259 38.55 3275 603.50 3260 92.65 3276 67.00 3261 44.61 3277 301.61 3262 72.96 3278 47.88 In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Current Attempt in Progress What is the ending balance for the following check register? Check Register Check# 1230 1231 O $1938.25. O $2736.25. O $1124.25. O $2858.25. Date 9/2 9/5 Payee/Description Payment Deposit 9/4 Target 9/7 Utilities Paycheck Cash(ATM) $232.00 $144.00 $23.00 $407.00 Balance $1930.25 $ $