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:

Market Research

The process of gathering, analyzing, and interpreting information about a market, including details about target consumers and competitors, to inform business strategies.

Quantitative Data

Data that can be quantified and is typically structured in nature, usually represented in numbers and statistics for analysis.

Qualitative Data

Non-numerical information that describes qualities or characteristics, often gathered through interviews, observations, or surveys.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about consumers and competitors.