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 . To journalize: The entries to correct the errors.

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Answer 1

Question

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

(b)

To determine

To journalize: The entries to correct the errors.

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Answer 2

Question

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

(b)

To determine

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

(b)

To determine

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

(b)

To determine

To journalize: The entries to correct the errors.

Expert Solution & Answer

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Answer 5

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

(b)

To determine

To journalize: The entries to correct the errors.

Answer 6

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

Answer 7

Chapter 2, Problem 2.7APE

(a)

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.

To journalize: The entries to correct the errors.

Answer 8

(b)

To determine

To journalize: The entries to correct the errors.

Answer 9

(b)

To determine

To journalize: The entries to correct the errors.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

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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.

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To journalize: The entries to correct the errors.

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