After Preparing an (Unadjusted)trial Balance at Year-End,R

question 92

Essay

After preparing an (unadjusted)trial balance at year-end,R.Chang of Chang Window Company discovered the following errors:
1.Cash payment of the $225 telephone bill for December was recorded twice.
2.Cash payment of a note payable was recorded as a debit to Cash and a debit to Notes Payable for $1,000.
3.A $900 cash withdrawal by the owner was recorded to the correct accounts as $90.
4.An additional investment of $5,000 cash by the stockholder was recorded as a debit to Common Stock and a credit to Cash.
5.A credit purchase of office equipment for $1,800 was recorded as a debit to the Office Equipment account with no offsetting credit entry.
Using the form below,indicate whether the error would cause the trial balance to be out of balance by placing an X in either the yes or no column.Would the errors cause the trial balance to be out of balance?
Would the errors cause the trial balance to be out of balance?

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Definitions:

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor incurred to produce goods, including utilities, depreciation, and maintenance of equipment.

Underapplied

A situation in cost accounting where the allocated manufacturing overhead costs are less than the actual overhead expenses incurred.

Overapplied

A condition in costing where the allocated or applied costs exceed the actual costs incurred.

Adjusted Cost

The revised basis of an asset for tax purposes after adjusting for factors such as depreciation or improvements.