For Each of the Following Errors, Indicate on the Table

question 166

Not Answered

For 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:

Median

In a dataset arranged by size, either upwards or downwards, the middlemost value is referred to as the median.

Median

The value located at the midpoint of an arranged dataset, in order from smallest to largest or reverse, is known as the median.

Mean

The average of a set of numbers, calculated by summing them together and then dividing by the number of values.