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

question 80

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.
$$\begin{array} { | c | l | l | l | } \hline \text { Error } & \text { Yes } &\quad\quad & \text { No } \\\hline 1 . & & & \\\hline 2 . & & & \\\hline 3 . & & & \\\hline 4 . & & & \\\hline 5 . & & & \\\hline\end{array}$$

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Definitions:

Paramount Decision

A landmark 1948 Supreme Court ruling that ended vertical integration in the film industry, forcing studios to divest their movie theater chains.

Exhibition Venues

Places where films are shown to the public, including movie theaters, festivals, and increasingly digital streaming platforms.

Home Technology

Electronic and automated technologies designed for domestic use, enhancing living environments through comfort, convenience, efficiency, and entertainment.

Consume Film

This term refers to the act of watching or experiencing films.