Hey can someone check my work and help me answer the ones i dont know please??
1. Enter the amount of the difference between the two trial balance columns (debit and credit) due to the error.
2. Identify the trial balance column (debit or credit) with the larger amount if they are not equal.
3. Identify the account(s) affected by the error.
4. Indicate the amount by which the account(s) in column (3) is under- or overstated.
a. $1,980 debit to Rent Expense is posted as a $1,890 debit.
(1) Difference between Debit and Credit Columns
90
(2) Column with the Larger Total
There's nothing in the Credit column??? ..How??
(3) Identify account(s) incorrectly stated
Rent Expense
(4) Amount that account(s) is overstated or understated
Rent Expense is understated by $90
1. Enter the amount of the difference between the two trial balance columns (debit and credit) due to the error.
2. Identify the trial balance column (debit or credit) with the larger amount if they are not equal.
3. Identify the account(s) affected by the error.
4. Indicate the amount by which the account(s) in column (3) is under- or overstated.
a. $1,980 debit to Rent Expense is posted as a $1,890 debit.
(1) Difference between Debit and Credit Columns
90
(2) Column with the Larger Total
There's nothing in the Credit column??? ..How??
(3) Identify account(s) incorrectly stated
Rent Expense
(4) Amount that account(s) is overstated or understated
Rent Expense is understated by $90
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