For each of the following errors, considered individually, indicate whether the error would cause the adjusted...

For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.

1 The adjustment for accrued wages of $5,550 was journalized as a debit to Wages Expense for $5,550 and a credit to Accounts Payable for $5,550. ---

A. The totals are equal. B. The totals are unequal; the debit total is higher. C. The totals are unequal; the credit total is higher.

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. $_________

2. The entry for $3,240 of supplies used during the period was journalized as a debit to Supplies Expense of $3,240 and a credit to Supplies of $3,420. --- A. The totals are equal. B. The totals are unequal; the debit total is higher. C. The totals are unequal; the credit total is higher.

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. $_______

Solutions

Expert Solution

1 The adjustment for accrued wages of $5,550 was journalized as a debit to Wages Expense for $5,550 and a credit to Accounts Payable for $5,550. ---

A. The totals are equal.

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. $0

2. The entry for $3,240 of supplies used during the period was journalized as a debit to Supplies Expense of $3,240 and a credit to Supplies of $3,420.

C. The totals are unequal; the credit total is higher.

Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. $180

ekkarill92 answered 1 year ago

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