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Allison Murphy has trouble keeping her debits and credits equal. During a recent month, Allison made the following errors: (Click the icon to view the errors.) Read the requirements Requirement 1. For each of these errors, state whether Allison's mistake would cause the total debits and total credits on the trial balance to be unequal. To help you, transaction (a) has been answered for you. Use this as a guide to answer the remaining parts of requirement 1. Effect on Trial Balance a. Total debils = Tolal credits b. Total debits Total credits C. Total debits Total credits d Total debits = Total credits e Total debits > Total credits Requirement 2. For each transaction identify the account/s) with an incorrect balance and indicate the amount and direction of the error. To help you, transaction (a) has been answered for you. (Enter amounts as positive numbers. Leave any unused lines blank.) Account(s) Misstated Amount More Info Account Direction of Error a Cash $ 450 Too high 450 Rent expense Accounts payable Accounts receivable $ $ b. 250 Too low Too high Too high $ 250 a. Allison recorded a $500 rent payment by debiting Rent expense for $50 and crediting Cash for $50. b. In recording a $250 payment on account, Allison debited Accounts receivable and credited Cash. c. Allison recorded the receipt of cash for service revenue by debiting Cash for $210 instead of the correct amount of $120. Allison also credited Service revenue for $210, the incorrect amount. d. Allison recorded a $350 purchase of supplies on account by debiling Accounts payable and crediting Supplies e. In preparing the trial balance, Allison omitted a $60,000 note payable. C. Print Done Help Me Solve This DemoDocs Example Get More Help k

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