Following Is a List of Errors Made During the Posting

question 74

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 $100 debit to rent expense was posted as a $300 debit to rent expense.
b)A $700 credit to service revenue was credited at $70 instead
c)A $2,000 debit to the withdrawals account was posted as a $2,000 debit to revenue.
d)A $1,500 debit to the salary expense account was debited to rent expense account.
e)A $3,000 debit to the equipment account was debited to an expense account instead. $\begin{array} { | l | l | l | l | } \hline \text { Error } & \text { Revenue } & \text { Expenses } & \text { Net Income } \\\hline \text { a) } & & & \\\hline \text { b) } & & & \\\hline \text { c) } & & & \\\hline \text { d) } & & & \\\hline \text { e) } & & & \\\hline\end{array}$

---

Definitions:

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable. This extraneous influence is used to influence the outcome of an experimental design.

Volunteer Bias

A shortcoming of findings derived from a sample of volunteers instead of a representative sample; the volunteers may differ from those who did not volunteer.

Experimenter's Bias

A form of bias introduced by the experimenter whose expectations about the outcome of the experiment can be subtly communicated to the participants.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.