Following Is a List of Errors Made During the Posting

question 141

Short Answer

Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1)total revenue, (2)total expenses, and (3)net income.
a)A $600 debit to salary expense was posted as a $600 credit to salary expense.
b)A $700 credit to service revenue was never posted.
c)A $2,000 debit to the withdrawals account was posted as a $2,000 debit to utilities expense.
d)A $1,500 credit to the revenue account was debited to the revenue account.
e)A $30,000 debit to the land account was debited to an expense account instead. $\begin{array} { | l | l | l | l | } \hline \text { Error } & \text { Revenue } & \text { Expenses } & \text { Net Income } \\\hline \text { a) } & & & \\\hline \text { b) } & & & \\\hline \text { c) } & & & \\\hline \text { d) } & & & \\\hline \text { e) } & & & \\\hline\end{array}$