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ivolga24 [154]
3 years ago
5

Which of the following errors would cause the adjusted trial balance to be unequal? a.The adjustment for accrued fees of $16,340

was journalized as a debit to Accounts Payable for $16,340 and a credit to Fees Earned of $16,340. b.The adjustment for prepaid insurance was omitted. c.The adjustment for depreciation of $3,545 was journalized as debit to Depreciation Expense for $3,454 and a credit to Accumulated Depreciation of $3,545. d.The adjustment for unearned revenue was omitted.
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

The answer is: B)The adjustment for prepaid insurance was omitted.

Explanation:

The adjusted trial balance is the last step before producing the financial statements of a company. Its format is identical to unadjusted balances, it has three columns: account names, debits and credits. The debit and credit columns are calculated at the bottom and should always be equal. If they aren’t equal, the trial balance was prepared incorrectly.

The only error that would cause the adjusted trial balance to be unequal (debts ≠ credits) is; The adjustment for prepaid insurance was omitted. Prepaid insurance should be debited and cash (or accounts payable) should be credited.

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Answer:

$ 68,000

Explanation:

The total manufacturing overhead costs should include the following heads:

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Lina Co. uses the allowance method to account for bad debts. On January 28, Lina determines that a $200 balance from ZRT, Inc. i
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Answer:

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