You are on page 1of 1

The bookkeeper for Riley Inc made the following errors a A

#2271
The bookkeeper for Riley Inc. made the following errors:a. A cash purchase of supplies of $348
was recorded as a debit to Supplies for $384 and a credit to Cash of $384.b. A cash sale of
$3,128 was recorded as a debit to Cash of $3,128 and a credit to Sales of $3,182.c. A purchase
of equipment was recorded once in the journal and posted twice to the ledger.d. Cash paid for
salaries of $5,270 was recorded as a debit to Salaries Expense of $5,270 and a credit to
Accounts Payable of $5,270.e. A credit sale of $7,600 was recorded as a credit to Sales
Revenue of $7,600; however, the debit posting to Accounts Receivable was
omitted.Required:Indicate whether or not the trial balance will balance after the error. If the trial
balance will not balance, indicate the direction of the misstatement for any effected account
(such as, Cash will be overstated by $50).View Solution:
The bookkeeper for Riley Inc made the following errors a A

ANSWER
http://paperinstant.com/downloads/the-bookkeeper-for-riley-inc-made-the-following-errors-a-a/

1/1
Powered by TCPDF (www.tcpdf.org)

You might also like