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Following is a list of errors made during the posting process. Indicate the exact dollar imp each error would have on (1) total revenue, (2) total expenses, and (3) net income.
a) A $600 debit to salary expense was posted as a $600 credit to salary expense. b) A $700 credit to service revenue was never posted. c) A $2,000 debit to the withdrawals account was posted as a $2,000 debit to utilities expen d) A $1,500 credit to the revenue account was debited to the revenue account. e) A $30,000 debit to the land account was debited to an expense account instead.
Sagot :
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