Question

The following errors occurred in posting from a two-column journal:

A credit of $8,770 to Accounts Payable was not posted.
A debit of $1,200 to Cash was posted to Miscellaneous Expense.
A credit of $270 to Cash was posted as $720.
A debit of $8,510 to Wages Expense was posted as $8,150.
An entry debiting Accounts Receivable and crediting Fees Earned for $8,000 was not posted.
A debit of $830 to Accounts Payable was posted as a credit.
A debit of $2,200 to Supplies was posted twice.

Required:
a. Indicate by "yes" or "no" whether the trial balance would be out of balance.
b. If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ.

Answer 1

Please find attached solution to the above question

Step-by-step explanation:

Please find attached solution to the above - a and b

Regarding the error 6,

• The $830 gained increased to accounts payable, hence must be deducted from accounts payable.

• Again, debit $830 for recording the payment.