Given each of the following errors, indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit) will have the larger total as a result of the error.
a. $100 debit to Cash was debited to the Cash account twice.
b. $1,900 credit to Sales was posted as a $190 credit.
c. $5,000 debit to Office Equipment was debited to Office Supplies.
d. $625 debit to Prepaid Insurance was posted as a $62.50 debit.
e. $520 credit to Accounts Payable was not posted.
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_____ is used to try to interpret handwritten and printed texts not originally designed for source data entry.
A. Ergonomics B. Optical character recognition technology C. Radio-frequency identification D. Technology convergence
On July 10, a hardware retailer purchased merchandise inventory on account for $1,800. The company plans to pay $1,600 the following week and the remaining amount the week after. Which of the following is the correct entry to record the July 10 transaction in a purchases journal? Assume a perpetual inventory system is used.
A) $1,600 will be recorded in the Accounts Payable CR and Merchandise Inventory CR columns. B) $3,400 will be recorded in the Accounts Payable DR and Merchandise Inventory DR columns. C) $1,800 will be recorded in the Merchandise Inventory CR and Accounts Payable DR columns. D) $1,800 will be recorded in the Accounts Payable CR and Merchandise Inventory DR columns.
Hugo Munsterberg believed that psychologists can contribute to industry by _____. For example, Munsterberg might suggest that a company implement a monthly bonus plan that rewards workers for achieving the goals set by their managers.
A. developing strategies to influence employees to follow their interests B. encouraging employees to develop new products C. devising management strategies to influence employees to follow management's interests D. helping organizations increase diversity E. helping companies increase efficiency and productivity
An unexpired cost appears on the balance sheet and an expired cost appears on the income statement
Indicate whether the statement is true or false