trishg
Sep 23, 2007, 01:11 PM
Here is my problem. I am very confus:confused: :confused: ed about this one.
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
a. The adjustment of depreciation of $3,500 was omitted from the end-of-period adjusting entries.
b. The adjustment of $2,565 for accrued fees earned was journalized as a debit to Accounts Receivable for $2,565 and a credit to Fees Earned for $2,556.:confused:
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
a. The adjustment of depreciation of $3,500 was omitted from the end-of-period adjusting entries.
b. The adjustment of $2,565 for accrued fees earned was journalized as a debit to Accounts Receivable for $2,565 and a credit to Fees Earned for $2,556.:confused: