Indicate Whether the Following Error Would Cause the Adjusted Trial

question 50

Essay

Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.​The adjustment for accrued fees of $1,170 was journalized as a debit to Accounts Receivable for $1,170 and a credit to Fees Earned for $1,107.

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Definitions:

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a company.

Office Supplies

These are consumable items used in an office environment for daily operations, including items like pens, paper, and staplers.

Pond Supplies Expense

The costs incurred for the maintenance or operational needs of a pond.

E-commerce

The buying and selling of goods and services over the internet, encompassing a variety of transactions, including online retail and electronic payments.