Errors not affecting trial balance : An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry . Requirement (a) and (b) To journalize: The entries to correct the errors.

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Answer 1

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Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

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Answer 2

Question

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Answer 3

Question

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Answer 5

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Answer 6

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Answer 7

Chapter 2, Problem 2.22EX

To determine

Errors not affecting trial balance:

An error is a mistake committed in the process of book-keeping or in accounting. In some cases, errors may occur but, they will not affect the totals of the trial balance. Such an error can be found while preparing the trial balance or would be indicated by the unusual account balance. For Example, Crediting land account. If such errors have already been journalized, and posted to the ledger, then they should be corrected by preparing a correcting journal entry.

Requirement (a) and (b)

To journalize: The entries to correct the errors.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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Solution Summary: The author explains that an error is a mistake committed in the process of book-keeping or in accounting, but they will not affect the totals of the trial balance.

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