Julie,a New Employee,is Not Sure of the Effect the Following

question 10

Essay

Julie,a new employee,is not sure of the effect the following unrelated situations would have on the accuracy of the financial statements.Identify the account(s)that are affected and if the trial balance would balance.
a.Equipment was purchased for $1,000 cash.The debit was recorded properly,but the credit was omitted.
b.A debit to Cash for $250 was posted as $2,500;the credit was posted correctly.
c.A purchase of supplies on account for $50 was posted as a debit to Supplies and a credit to Cash.

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Definitions:

Silent Spring

A book by Rachel Carson that highlighted the adverse effects of pesticides on the environment, marking the beginning of the environmental movement.

Kyoto

A city in Japan that was the site of the Kyoto Protocol, a 1997 international treaty aimed at fighting global warming by reducing greenhouse gas emissions.

Stephen Harper

A Canadian politician who served as the 22nd Prime Minister of Canada, leading the country from 2006 to 2015 and was known for his conservative policies.

Renewable Energy Sources

Sources of energy that can be continuously replenished through natural processes, including wind, solar, hydroelectric, and geothermal.