Asked by Jayesh Reesaul on Jun 19, 2024
Verified
Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.The entry for $975 of supplies used during the period was journalized as a debit to Supplies Expense for $795 and credit to Supplies for $975.
Supplies Expense
Costs associated with the consumable items used during a company's operations over an accounting period.
Journalized
The process of recording transactions in a company's journal as part of the accounting system.
- Spot and correct faults in the formulation of adjusting entries.
Verified Answer
CF
Crispin FloresJun 20, 2024
Final Answer :
The total will be unequal with a credit total higher by $180
($975 − $795).
($975 − $795).
Learning Objectives
- Spot and correct faults in the formulation of adjusting entries.
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