Given Each of the Following Errors, Indicate on the Table

question 127

Essay

Given each of the following errors, indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit) will have the larger total as a result of the error.
a. $100 debit to Cash was debited to the Cash account twice.
b. $1,900 credit to Sales was posted as a $190 credit.
c. $5,000 debit to Office Equipment was debited to Office Supplies.
d. $625 debit to Prepaid Insurance was posted as a $62.50 debit.
e. $520 credit to Accounts Payable was not posted. $\begin{array}{c}\begin{array}{lll}\\ \text { Error}\\ \text { a.}\\ \text { b.}\\ \text { c.}\\ \text { d.}\\ \text { e.}\\\end{array}\begin{array}{c} \text {Amount Out}\\ \text {of Balance}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\end{array}\begin{array}{c} \text {Column Having}\\ \text { Larger Total}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\underline{\quad\quad\quad\quad}\\\end{array}\end{array}$

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Definitions:

Social Decision Schemes

Simple rules used to determine final group decisions.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making by facilitating quick, efficient judgments.

Nominal Group Techniques

A structured method for group brainstorming that encourages contributions from everyone.

Synergy

A positive force that occurs in groups when group members are stimulated to produce new solutions to problems through the process of mutual influence and encouragement within the group.