Business, 28.12.2019 04:31 maggie3541
Atrial balance has total debits of $20,000 and total credits of $24,500. which one of the following errors would create this imbalance? explain.
a. a $2,250 credit to consulting fees earned in a journal entry is incorrectly posted to the ledger as a $2,250 debit, leaving the consulting fees earned account with a $6,300 credit balance.
b. a $4,500 debit to salaries expense in a journal entry is incorrectly posted to the ledger as a $4,500 credit, leaving the salaries expense account with a $750 debit balance.
c. a $2,250 debit to rent expense in a journal entry is incorrectly posted to the ledger as a $2,250 credit, leaving the rent expense account with a $3,000 debit balance.
d. a $2,250 debit posting to accounts receivable was posted mistakenly to cash.
e. a $4,500 debit posting to equipment was posted mistakenly to supplies.
f. an entry debiting cash and crediting notes payable for $4,500 was mistakenly not posted.
Answers: 1
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Atrial balance has total debits of $20,000 and total credits of $24,500. which one of the following...
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