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

question 188

Essay

For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.?
a. Payment of a cash withdrawal of $6,800 was journalized and posted as a debit of $8,600 to Salaries Expense and a credit of $8,600 to Cash.
b. A fee of $9,780 earned was debited to Accounts Receivable for $7,980 and credited to Fees Earned for $9,780.
c. A payment of $3,000 to a creditor was posted as a credit of $3,000 to Accounts Payable and a credit of $3,000 to Cash.

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Definitions:

IP Protection

Legal measures and processes to safeguard intellectual properties such as patents, copyrights, trademarks, and trade secrets from unauthorized use or theft.

Laws Protecting

Regulations and legal frameworks designed to safeguard interests, rights, and properties of individuals, groups, or organizations.

Recognized

Acknowledged or known from one’s achievements, status, or attributes by others.

Federal Unemployment Tax

A tax imposed on employers to fund state workforce agencies. Employers pay this tax to finance unemployment compensation benefits for workers who have lost their jobs.