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:

Routing

The travel pattern used in working a sales territory.

Travel Pattern

The habitual movement or route taken by an individual or group, often analyzed for planning effective sales and marketing strategies.

Routing Reports

are documents or systems that track and manage the journey of tasks, products, or information through a prescribed sequence of actions or stages.

Key Accounts

Accounts the loss of which would greatly affect sales and profits.