1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
3 years ago
13

You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical

ly, a correctly journalized credit purchase of an automobile for $18,950 is posted from the journal to the ledger with an $18,950 debit to Automobiles and another $18,950 debit to Accounts Payable. The Automobiles account has a debit balance of $37,100 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement
Is the debit column total of the trial balance overstated, understated, or correctly stated?
Business
1 answer:
MrMuchimi3 years ago
7 0

Answer: The debit column of the trial balance was overstated.

Explanation: from the question, the asset purchased with a value of $18,950 was overstated in the asset asset account.

On the purchase of the asset, the asset account is to be debited and accounts payable account is to be credited and not debited. So the debit side of the trial balance was overstated by $18,950 * 2 = $37,900.

You might be interested in
• Define the mergers and acquisitions of Tesla and define what has the company gained?
iris [78.8K]

Some of the mergers and acquisitions of Tesla company includes:

  • SolarCity
  • Perbix
  • Compass Automation
  • Maxwell Technologies, etc

<h3>What is a Merger?</h3>

This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.

Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:

  • They were making too many mergers at the same time
  • They spent over $2.80 billion on the acquisitions
  • They alienated themselves from other carmakers who were partnering and merging, etc

The size of the market and the growth strategy of Tesla company is:

  • Their target is to produce as many affordable cars as possible
  • They want to use their own technical know how and that of others to produce more eco-friendly cars
  • The growth strategy is to become one of the trusted and safest car brands in the world.

Read more about mergers and acquisitions here:
brainly.com/question/13709735

6 0
2 years ago
Accounting subject , please help me​
suter [353]

SORRY BUT I DONT NOW

DO YOU WANT BE FRIEND WITH ME?

6 0
3 years ago
Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?
morpeh [17]

Answer:

C) A 25% increase in sales resulting in a 30% increase in net operating income.

7 0
3 years ago
There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team m
iogann1982 [59]

There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team members, on the other hand, don't think Glen trusts them to do their jobs. You want to resolve this conflict and make sure it doesn't happen again-<u>This can be achieved by using Conflict Management technique</u>

Explanation:

<u>Conflict in the workplace is inevitable and is a painful reality and is the major reason   for poor productivity and frustration among the employees.If conflict is managed in a proper way it can lead to increase in employees productivity.The strategist that can be used are:-</u>

<u>1) Understand the situation. </u>

Understanding/listening  both the side of the story before resolving the conflict is very important

<u>2) Acknowledge the problem. </u>

Acknowledging the frustration and concerns of the employees is an important step in resolving the conflict. what might seems to be a small problem to an employee may be a big problem for another person

<u> 3)Be patient while making decision. </u>

Information evaluation require time.Do not take any decision related to conflict management quickly,try to understand and resolve the situation.

<u>4)Avoid using coercion and intimidation. </u>

Emotional outbursts or coercing people may stop the problem temporarily, but do not fool yourself into thinking it is a long-term solution. Odds are the problem will resurface. At that point not only will you have the initial problem to deal with, but also the angry feelings that have festered below the surface during the interim.

<u>5) Focus on the problem, not the individual. </u>

Most people are known to be a  “problematic individual” during their work but one must avoid their  own pre-conceived notion or attitude about individuals and should focus on problem resolution.

<u>6) Establish guidelines. </u>

setting guidelines before the meeting

<u>7) Keep the communication open. </u>

Allow both the parties to keep their points on the conflict and then try to identify the real cause of conflict.

<u> 8. Act decisively. </u>

Communicating  to all the parties involved, and reviewed all the circumstances, and then take  your decision and act. Don’t leave the issue in limbo.

6 0
3 years ago
Explain why accurate measurement is so important in baking.
Fittoniya [83]
Accurate measurement is VERY important in banking because banking is all about exact calculations. If one balance measure is off, the entire bank report will not be acurate. One little mess up and the entire calculation goes wrong. 
5 0
3 years ago
Other questions:
  • Domebo Corporation has entered into a 7 year lease for a piece of equipment. The annual payment under the lease will be $3,000,
    6·1 answer
  • Bright Daffodils Inc. operates in a state where the smoker's rights law is prevalent. Samantha, the HR manager at Bright Daffodi
    9·1 answer
  • Sage Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In
    9·1 answer
  • When starting a business it is best to ? A. Borrow from bank B. Find investors C. Use your saving D. Obtain a loan from family o
    6·1 answer
  • Incident Reports, such as Situation Reports and Status Reports enhance situational awareness and ensure that personnel can acces
    14·1 answer
  • Information concerning Department A of Synergy Company for the month of June is as follows: Materials Units Costs Work in proces
    5·1 answer
  • Mott Company purchases a machine from Janelle Company. Installation of the machine requires specialized knowledge that Mott Comp
    12·1 answer
  • A process is in control and centered at nominal. Output from the process is normally distributed and the process capability inde
    5·1 answer
  • The Agricultural Extension Agent's Office has tracked fertilizer application and crop yields for a variety of chickpea and has r
    15·1 answer
  • Provisions that a party agrees to perform only if the other side also does what it promised are called Group of answer choices c
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!