For Each of the Following Errors, Considered Individually, Indicate Whether

question 201

Essay

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 total to be unequal, indicate whether the debit or credit total is higher and by how much.a)The adjustment for unearned fees of $3,260 was journalized as a debit to Accounts Payable for $3,260 and a credit to Fees Earned of $3,260.b)The adjustment for supplies expense of $425 was journalized as a debit to Supplies Expense for $542 and a credit to Supplies for $425.

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Definitions:

Response Time

The amount of time it takes to react to a request, inquiry, or stimulus.

Defendant

The individual or group facing a legal case brought against them in a judicial setting.

Certified Mail

A postal service that provides the sender with a mailing receipt and electronic verification that an item was delivered or an attempt was made.

E-mail

A method of exchanging digital messages across the Internet or other computer networks.