College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Textbook Question
Chapter 2, Problem 8E
Would the following errors cause the
- a. A purchase of office equipment for $380 was recorded as a debit to Office Equipment for $38 and a credit to Cash for $38.
- b. A payment of $280 to a creditor was debited to
Accounts Receivable and credited to Cash for $280 each. - c. A purchase of supplies for $245 was recorded as a debit to Equipment for $245 and a credit to Cash for $245.
- d. A payment of $76 to a creditor was recorded as a debit to Accounts Payable for $76 and a credit to Cash for $67.
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Which of the following errors would cause a trial balance to have unequal totals? Explain your answers.
a.A payment to a creditor was recorded as a debit to Accounts Payable for $129 and as a credit to Cash for $102.
b.A payment of $150 to a creditor for an account payable was debited to Accounts Receivable and credited to Cash.
c.A purchase of office supplies of $420 was recorded as a debit to Office Supplies for $42 and as a credit to Cash for $42.
d.A purchase of equipment for $450 was recorded as a debit to Supplies for $450 and as a credit to Cash for $450.
Which of the following record keeping errors would result in the wrong total for debits and credits on the
unadjusted trial balance?
O A. A cash sale of $1500 was recorded as a debit to cash and a credit to accounts payable.
O B. A payment of $2,000 in dividends was recorded as
debit to salary expense instead of a debit to dividends.
C. A bill for telephone expense was recorded as a debit to utilities expense and credit to cash.
O D. A payment to a supplier for the amount owing on account was recorded as a debit to accounts receivable and a credit to cash.
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Which of the following errors, each considered individually, would cause the trial balance to be out of balance?
O A transaction was not posted.
O A payment of $158 to a creditor was posted as a debit to Accounts Payable and a debit of $158 to Cash.
O Cash of $620 received from a customer on account was posted as a debit of $260 to Cash and as a credit of $260 to
Accounts Payable.
O A payment of $68 for supplies was posted as a debit of $86 to Supplies and a credit of $86 to Cash.
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Chapter 2 Solutions
College Accounting (Book Only): A Career Approach
Ch. 2 - Determine the balance of the following T account:
...Ch. 2 - Which of the following statements is correct? a....Ch. 2 - Prob. 3QYCh. 2 - R. Nelson invests his personal computer, with a...Ch. 2 - When preparing a trial balance, which of the...Ch. 2 - What would be the net income for Floress Catering?...Ch. 2 - On which financial statement(s) would R. Flores,...Ch. 2 - What is the amount of ending capital shown on the...Ch. 2 - Floress Catering purchased equipment that cost...Ch. 2 - Prob. 1DQ
Ch. 2 - Explain why the term debit doesnt always mean...Ch. 2 - Prob. 3DQCh. 2 - How are the three financial statements shown in...Ch. 2 - Prob. 5DQCh. 2 - List two reasons why the debits and credits in the...Ch. 2 - Prob. 7DQCh. 2 - What do we mean when we say that capital, drawing,...Ch. 2 - On a sheet of paper, draw the fundamental...Ch. 2 - List the classification of each of the following...Ch. 2 - R. Dalberg operates Dalbergs Tours. The company...Ch. 2 - During the first month of operation, Graham...Ch. 2 - Speedy Sewing Services, owned by T. Nguyen, hired...Ch. 2 - During the first month of operations, Landish...Ch. 2 - The following errors were made in journalizing...Ch. 2 - Would the following errors cause the trial balance...Ch. 2 - During December of this year, G. Elden established...Ch. 2 - B. Kelso established Computer Wizards during...Ch. 2 - S. Myers, a speech therapist, opened a clinic in...Ch. 2 - On May 1, B. Bangle opened Self-Wash Laundry. His...Ch. 2 - The financial statements for Daniels Custom...Ch. 2 - During February of this year, H. Rose established...Ch. 2 - J. Carrie established Carries Photo Tours during...Ch. 2 - D. Johnston, a physical therapist, opened...Ch. 2 - On July 1, K. Resser opened Ressers Business...Ch. 2 - The financial statements for Baker Custom Catering...Ch. 2 - Prob. 1ACh. 2 - A fellow accounting student has difficulty...Ch. 2 - What Would You Do? A new bookkeeper cant find the...
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