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Explain how each of the following posting errors affects a trial balance. State whether the trial balance will be out of balance because of the posting error, and indicate which side of the trial balance will have a higher amount after each independent entry is posted. If the posting error does not affect the equality of debits and credits in the trial balance, state that the error will not cause an inequality and explain why.
a. A $1,040 debit to Office Supplies was debited to Office Supplies Expense.
b. A $400 debit to Cash was posted as a $4,000 debit.
c. An $800 credit to Unearned Revenue was credited to Service Revenue.
d. A $2,400 credit to Accounts Payable was not posted. e. An $800 debit to Rent Expense was posted twice.
In the discussion forum, post a 150-word summary of a current event article related to activity-based costing and aviation. Please proofread your posting to eliminate misspelled words and insure proper sentence structure.
ashton martin is a student who plans to attend approximately four professional events a year at her college. each event
The company's 2014 income statement contained revenue of $16,000 and expenses of $11,000. The 2014 statement of changes in stockholder's equity stated that $2,000 of dividends were paid to investors. What are the retained earnings before and after..
The partnership loss next year will probably be $25,000. Write a letter to Bill in which you indicate how losses would be treated for tax purposes in current and next years.
jay gatsby owner of the great gatsby supply company was reviewing monthly income statements for each month of 2010. he
How might a partner withdrawing in violation of the partnership agreement and without the consent of the other partners be treated? What about a partner who is forced to withdraw?
ott purchased 11 shares of happy new year amp co. stock on january 3 20x1 at 20 a share to celebrate the new year and
two bonds have the following terms bond a bond b principal 1000 principal 1000 coupon 8 coupon 7.6 maturity 10 years
If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the ..
a project will require an initial investment of 750000 and will return 200000 each year for five years. if taxes are
annual interest of 5 paid if balance exceeds 800 7 monthly fee if account falls below minimum balance average monthly
Suggest how management can utilize variance analysis in improving the efficiency of activities during the manufacturing process. Create a plan to address efficiency variances at the batch level during the manufacturing process.
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