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
Gnom [1K]
2 years ago
10

If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as a $4,000 credit and the ledger account

has a resulting debit balance of $20,000, what is the effect of this error on the Trial Balance column totals?
Business
1 answer:
Dovator [93]2 years ago
4 0

Answer:

The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.

You might be interested in
i have a friend i think of as my brother and i changed the emoji on messenger to the teddy bear emoji and his nickname to 'My Te
olga2289 [7]

Answer:

oh wow that's nice I think... XDD

5 0
2 years ago
Read 2 more answers
Which technique of advertising shows that multiple consumers use a product to build consumer trust in the product? indirect ad b
mixas84 [53]
The indirect advertising does not directly advertise the product. Sponsorship is example of indirect ad.
The goal of the bandwagon ad is <span> to convince individual consumers that a product is worth purchasing.
Endorsement uses famous person for the advertisement of the product.
Promotional ad </span><span>includes special offers, cents off coupons, temporary price reductions ...
Endorsement is the technique </span><span>of advertising that shows that multiple consumers use a product to build consumer trust in the product.</span>
5 0
2 years ago
Read 2 more answers
Which of the following is one of the first steps to take in launching the strategy execution process? A. Form a mission statemen
leva [86]

Answer:

The correct answer to the following question will be Option C.

Explanation:

  • The strategy execution method offers a systematic framework to explain, interact, enforce, and conduct policy. The objective of this project would be to ensure that the organization focuses on building value-added technologies and implementing value-optimizing expenditures.
  • Bringing together a good leadership people with the highest combination of talents, abilities, as well as the desire to do tasks has become one of the measures to follow to initiate this venture.

Other choices have no relation with the specified scenario. So Option C seems to be the right response.

5 0
2 years ago
Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. the maximum loan your bank can make a
NNADVOKAT [17]

Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. The maximum loan your bank can make as a direct result of your deposit is 3690.

<h3>What exactly is a bank loan and the required reserve ratio?</h3>
  • A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances.
  • By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
  • The percentage of deposits that authorities mandate a bank maintain in reserves and refrain from lending out is known as the required reserve ratio.
  • If the required reserve ratio is 1 to 10, a bank can only lend out $0.90 of every dollar it has on deposit, but it must retain $0.10 in reserves.

Hence, The maximum loan your bank can make as a direct result of your deposit is 3690.

To learn more about the loan, refer to the following link:

brainly.com/question/25599836

#SPJ4

6 0
1 year ago
Harvey and Liza are discussing ethics. Harvey says that ethics is a range of moral principles that steers our behavior. Liza say
swat32
B. Only Harvey is correct
5 0
2 years ago
Other questions:
  • Marx and Springsteen provides​ hair-cutting services in the local community. In February, the business cut the hair of 200 ​clie
    6·1 answer
  • Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straigh
    8·1 answer
  • 5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
    13·1 answer
  • A fee paid by a borrower to the lender for the use of borrowed money
    7·1 answer
  • Accumulating capitala. requires that society sacrifice consumption goods in the present.b. allows society to consume more in the
    9·2 answers
  • After a discrimination charge is filed by the employee and notice of the charge is given to the employer, the EEOC screens the c
    11·1 answer
  • Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
    14·1 answer
  • The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1
    6·1 answer
  • Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res
    9·1 answer
  • wayne incurs a $2,000 medical bill. if his health policy has a $1,000 deductible and an 80/20 coinsurance percentage, how much w
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!