Given Each of the Following Errors,indicate on the Table Below

question 94

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.

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Definitions:

External User

Individuals or entities not directly involved in the management or operations of a company, who use its financial statements.

Accounting Data

Information related to financial transactions and status used for analysis, reporting, and decision making in business.

Economic Event

An action that has the potential to impact the financial position of a company, such as a sale, purchase, or investment.

Transaction

An economic event that involves the exchange of goods, services, or funds between two parties.