After Preparing an (Unadjusted) Trial Balance at Year-End, G

question 145

Essay

After preparing an (unadjusted) trial balance at year-end, G. Chu of Chu Design Company discovered the following errors:
1.Cash payment of the $225 telephone bill for December was recorded twice.
2.Cash payment of a note payable was recorded as a debit to Cash and a debit to Notes
Payable for $1,000.
3.A $900 cash dividend was recorded to the correct accounts as $90.
4.An additional investment of $5,000 cash by the owner was recorded as a debit to Common
Stock and a credit to Cash.
5.A credit purchase of office equipment for $1,800 was recorded as a debit to the Office Equipment account with no offsetting credit entry.
Using the form below,indicate whether the error would cause the trial balance to be out of balance by placing an X in either the yes or no column.

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Definitions:

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including social roles, behaviors, and identities.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Theory Of Relative Deprivation

The hypothesis that individuals feel deprived and frustrated not due to an absolute lack of something but because they compare their situation unfavorably to others'.

Prejudice

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often involving negative attitudes or discriminatory behavior.