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For 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.
Single-Entry System
An accounting method where each transaction is recorded only once, either as an income or an expense, not used in double-entry bookkeeping.
Accounting Documents
Records that encapsulate financial transactions and positions relevant to a business or individual.
Invoices
Documents issued by a seller to a buyer, detailing products or services provided, prices, terms of sale, and payment instructions.
Payroll Documents
Records related to the payment of employees, including details on wages, deductions, and hours worked.
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