State Whether the Following Errors Would Cause the Trial Balance

question 36

Short Answer

State whether the following errors would cause the trial balance to be out of balance by placing a check mark in the appropriate column. $\begin{array}{c}\begin{array}{l}\\\\ \text { a) Services rendered for \( \$ 200 \) cash were recorded twice}\\ \text { in the journal and posted twice to the ledger.}\\ \text { b) Services rendered on account for \( \$ 300 \) were recorded}\\ \text { as services rendered for cash of \( \$ 300 \).}\\ \text {c) A cash purchase of supplies for \( \$ 400 \) was recorded as a}\\ \text { debit to supplies and a credit to accounts receivable for \( \$ 400 \)}\\ \text { d) A cash purchase of supplies for \( \$ 300 \) was posted as a}\\ \text { debit to supplies for \( \$ 300 \) and a debit to cash for \( \$ 300 \).}\\ \text { e) A payment of \( \$ 200 \) on account was recorded as a debit}\\ \text { to cash and a credit to accounts payable.}\\\text { f) A \( \$ 200 \) payment to employees for salaries was posted }\\ \text { as a debit to utilities expense and a credit to cash.}\\ \text { g) A \( \$ 600 \) cash withdrawal by the owner was recorded}\\ \text { as a debit to capital and a credit to cash.}\end{array}\begin{array}{c} \text { In}\\ \text { Balance}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\end{array}\begin{array}{c} \text { Out of}\\ \text { Balance}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\\\underline{\quad\quad}\end{array}\end{array}$

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Definitions:

Materialism

The importance placed on material possessions, wealth, and physical goods as a basis for happiness and social status.

Value Systems

The set of beliefs and attitudes that shape the behavior and perceptions of individuals or groups, guiding decisions and actions.

Psychographics

Researching and sorting people by their psychological factors, such as hopes and attitudes, mainly used in the field of marketing.

Psychographic Studies

Research methods that investigate the psychological attributes of people, including their attitudes, interests, values, and lifestyles, to better understand consumer behavior.