Identify the accounts that are affected

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Problem 1: In the following scenarios, identify the accounts that are affected and whether the trial balance would balance or not.

1. The fee revenue received in advance was journalized correctly on the debit side but credited as the fee revenue.
2. Purchase of supplies on account was correctly debited but the credit was omitted.
3. A prepaid rent of $900 was recorded as rent expense.
4. Accrued salaries of $755 were recorded as $775 on the both the debit and credit side of the journal entry.
5. Withdrawals from the company's cash account were not journalized at all.

Reference no: EM132959260

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