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21 following is a list of errors made during the posting process indicate the exact 4300908

21) Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1) total assets, (2) total liabilities, and (3) owner's equity.

 

a) A $100 debit to the accounts payable account was posted as a $400 debit.

b) A $500 debit to withdrawals was never posted.

c) A $2,000 debit to the land account was posted as a $2,200 debit.

d) A $1,700 credit to the revenue account was credited to an expense account.

e) A $4,000 debit to and expense account was debited to land account instead.

 

Error

Assets

Liabilities

Owner's Equity

a)

 

 

 

b)

 

 

 

c)

 

 

 

d)

 

 

 

e)

 

 

 

22) Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1) total revenue, (2) total expenses, and (3) net income.

a) A $600 debit to salary expense was posted as a $600 credit to salary expense.

b) A $700 credit to service revenue was never posted.

c) A $2,000 debit to the withdrawals account was posted as a $2,000  debit to utilities expense.

d) A $1,500 credit to the revenue account was debited to the revenue account.

e) A $30,000 debit to the land account was debited to an expense account instead.

 

Error

Revenue

Expenses

Net Income

a)

 

 

 

b)

 

 

 

c)

 

 

 

d)

 

 

 

e)

 

 

 

23) Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1) total revenue, (2) total expenses, and (3) net income.

a) A $100 debit to rent expense was posted as a $300 debit to rent expense.

b) A $700 credit to service revenue was credited at $70 instead

c) A $2,000 debit to the withdrawals account was posted as a $2,000 debit to revenue.

d) A $1,500 debit to the salary expense account was debited to rent expense account.

e) A $3,000 debit to the equipment account was debited to an expense account instead.

 

Error

Revenue

Expenses

Net Income

a)

 

 

 

b)

 

 

 

c)

 

 

 

d)

 

 

 

e)

 

 

 

 

 

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