ACCOUNTING 2001 For each of the following errors, considered individually, indicate whether

Trial Balance Errors

For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box.

a. The payment of cash for the purchase of office equipment of $6,510 was debited to Land for $5,610 and credited to Cash for $5,610.

Which of the following is true?
SelectThe debit and credit totals of the trial balance would be equal.The debit column on the trial balance would be higher than the credit total.The credit column on the trial balance would be higher than the debit total.Item 1

If the totals on the trial balance are not equal, by how much is one column higher than the other?
$

b. A fee of $9,260 earned from a client was debited to Accounts receivable for $9,620 and credited to Fees Earned for $9,260.

Which of the following is true?
SelectThe debit and credit totals of the trial balance would be equal.The debit column on the trial balance would be higher than the credit total.The credit column on the trial balance would be higher than the debit total.Item 3

If the totals on the trial balance are not equal, by how much is one column higher than the other?
$

c. A payment of $2,390 to a creditor was posted as a debit of $2,390 to Accounts Payable and a debit of $2,390 to Cash.

Which of the following is true?
SelectThe debit and credit totals of the trial balance would be equal.The debit column on the trial balance would be higher than the credit total.The credit column on the trial balance would be higher than the debit total.Item 5

If the totals on the trial balance are not equal, by how much is one column higher than the other?
$