Effects of Errors on Adjusted Trial Balance 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 wages of $4,590 was journalized as a debit to Wages Expense for $4,590 and a credit to Accounts Payable for $4,590. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. $fill in the blank 2 b. The entry for $2,860 of supplies used during the period was journalized as a debit to Supplies Expense of $2,860 and a credit to Supplies of $2,680. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.
Effects of Errors on Adjusted
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 wages of $4,590 was journalized as a debit to Wages Expense for $4,590 and a credit to Accounts Payable for $4,590.
Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.
$fill in the blank 2
b. The entry for $2,860 of supplies used during the period was journalized as a debit to Supplies Expense of $2,860 and a credit to Supplies of $2,680.
Enter the difference between the debit and credit totals. If the totals are equal, enter a zero.
A trial balance is a statement that represents the total assets and liabilities of a company. It helps in the identification of different types of errors that might have resulted at the time of making financial statements.
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