For Each of the Following Errors, Indicate on the Schedule

question 53

Essay

For each of the following errors, indicate on the schedule the amount it will cause the trial balance to be out of balance and which trial balance column (i.e., debit or credit) will have the larger total as a result of the error.(a) A $100 debit to Cash was debited to the Cash account twice.(b) A $1,900 credit to Sales was posted as a $190 credit.(c) A $5,000 debit to Office Equipment was debited to Office Supplies.(d) A $625 debit to Prepaid Insurance was posted as a $62.50 debit.(e) A $520 debit to Supplies (purchased on account) was posted correctly, but the corresponding credit to Accounts Payable was not posted.

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Definitions:

Chargaff

Refers to Chargaff's rules, which are empirical rules regarding the ratios of nucleotide bases within DNA molecules: adenine (A) pairs with thymine (T), and cytosine (C) pairs with guanine (G).

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA; it pairs with cytosine.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Species

The basic unit of biological classification, defined as a group of individuals that can interbreed and produce fertile offspring.