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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.
Self-Control
The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.
Permissive
Refers to a lenient or liberal attitude, especially in the context of rules and disciplinary actions, favoring more freedom than restriction.
Authoritative Parents
A parenting style characterized by high demands and high responsiveness, where parents set clear standards but also respect their children’s autonomy.
Mexican American
An American citizen or resident of Mexican descent, often with a cultural heritage that includes traditions and customs from Mexico.
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