Examlex

Solved

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

question 184

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.
 Error  Yes  No 1.2.3.4.5.\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}


Definitions:

Classical Conditioning

A method of learning that happens by linking an external stimulus with a stimulus that naturally occurs.

Operant Conditioning

Operant conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Antecedents

Events or conditions that precede and influence the occurrence of a specific behavior, outcome, or another event.

Internal Causes

Reasons or motivations stemming from within an individual, such as personal preferences, values, or beliefs, that influence their behavior.

Related Questions