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Given Each of the Following Errors, Indicate on the Table

question 145

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. 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.


Definitions:

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of their relationship.

Statistical Measure

A quantity calculated from a set of data, which describes a characteristic of the data, such as its central tendency, dispersion, or shape.

Variables

Elements or conditions that can change or vary within an experiment or study, potentially influencing the outcome.

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many physical and psychological attributes.

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