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At Year-End, Harris Cleaning Service Noted the Following Errors in Its

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Essay

At year-end, Harris Cleaning Service noted the following errors in its trial balance:
1.It understated the total debits to the Cash account by $500 when computing the account
balance.
2.A credit sale for $311 was recorded as a credit to the revenue account,but the offsetting
debit was not posted.
3.A cash payment to a creditor for $2,600 was never recorded.
4.The $680 balance of the Prepaid Insurance account was listed in the credit column of the
trial balance.
5.A $24,900 truck purchase for cash was recorded as a $24,090 debit to Vehicles and a
$24,090 credit to Notes Payable.
6.A purchase of office supplies for $150 was recorded as a debit to Office Equipment.The
offsetting credit entry was correct.
7.An additional investment of $4,000 by Del Harris was recorded as a debit to Common
Stock and as a credit to Cash.
8.The cash payment of the $510 utility bill for December was recorded (but not paid) twice.
9.A revenue account balance of $79,817 was listed on the trial balance as $97,817.
10.A $1,000 cash dividend was recorded as a $100 debit to Dividends and $100 credit to cash.
Using the form below,indicate whether each error would cause the trial balance to be out of balance,the amount of any imbalance and whether a correcting journal entry is required.
At year-end, Harris Cleaning Service noted the following errors in its trial balance:  1.It understated the total debits to the Cash account by $500 when computing the account balance. 2.A credit sale for $311 was recorded as a credit to the revenue account,but the offsetting debit was not posted. 3.A cash payment to a creditor for $2,600 was never recorded. 4.The $680 balance of the Prepaid Insurance account was listed in the credit column of the trial balance. 5.A $24,900 truck purchase for cash was recorded as a $24,090 debit to Vehicles and a $24,090 credit to Notes Payable. 6.A purchase of office supplies for $150 was recorded as a debit to Office Equipment.The offsetting credit entry was correct. 7.An additional investment of $4,000 by Del Harris was recorded as a debit to Common Stock and as a credit to Cash. 8.The cash payment of the $510 utility bill for December was recorded (but not paid) twice. 9.A revenue account balance of $79,817 was listed on the trial balance as $97,817. 10.A $1,000 cash dividend was recorded as a $100 debit to Dividends and $100 credit to cash. Using the form below,indicate whether each error would cause the trial balance to be out of balance,the amount of any imbalance and whether a correcting journal entry is required.


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The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

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An American citizen or resident of Mexican descent, often with a cultural heritage that includes traditions and customs from Mexico.

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