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lilavasa [31]
3 years ago
9

Which of the following errors, each considered individually, would cause the trial balance to be out of balance? A payment of $1

48 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash. A payment of $59 for supplies was posted as a debit of $95 to Supplies and a credit of $95 to Cash. Cash of $530 received from a customer on account was posted as a debit of $350 to Cash and as a credit of $350 to Accounts Payable. A transaction was not posted.
Business
1 answer:
alukav5142 [94]3 years ago
8 0

Answer:

A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash.

Explanation:

Even if the others are wrong, they by themselves wouldn´t cause the trial balance to be out of balance, because in the end they have similar of the same amount of money in debit and credit, the only one that would make the trial balance to be out of balance would be A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash.  because as you can see it has both transactions in the debit side, and when doing trail balances for every debit there is always a credit with the same amount.

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Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns A level term policy.

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5 0
1 year ago
A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The mach
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Answer:

Cash flow year 0   (110,000)

or in other way to express it: a cashoutflow for $110,000

Explanation:

Initial net cahs outflow

this will be the acquisition of the machine cost plus the increase in the working capital for the company

machine cost: all cost necessary for acquire the machien and get it operational

supplier list price        85,000

installation cost       <u>    15,000</u>

total cost                     100,000

Increase in Working Capital Cost 10,000

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Total cashflow    (110,000)

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3 years ago
Jose wants to find out how many men wear bright colored ties. Which
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Answer:

survey

Explanation:

6 0
3 years ago
Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution marg
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Answer:

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Variables Cost 101,640 8.44%

Contribution Margin 52,360 4.39%

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Contribution Margin 420,000 34.84%

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then we add both sales figures together:

154,000 + 1,050,000 = 1,204,000

And add the percentajeof sales for each line

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