Given Each of the Following Errors, Indicate on the Table

question 160

Short Answer

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.
$\begin{array}{ll}&\text { Amount Out } & \text { Column Having } \\\text { Error }&\text { of Balance }&\text { Larger Total }\\a.\\b.\\c.\\d.\\e.\end{array}$

Comprehend characteristics and major obstacles to economic growth in DVCs.

Recognize the needed elements for capital formation and economic growth in DVCs.

Identify the impact of population growth on economic development in DVCs.

Understand the role of government intervention in fostering economic growth and development.

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Definitions:

Profit Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.

Firm Charges

Fees or prices levied by a company for its services or products.

Efficient Output Level

The level of output where the firm's average total cost is minimized, ensuring operational efficiency.

Units

The standard measurement or quantity of a product, used in various contexts to quantify inventory, production, and sales.