Several types of errors can be made during the journalizing and posting process.

Question

Several types of errors can be made during the journalizing and posting process. Match the following with their best description. Answer Balance incorrectly computed. Read Answer Items for Question 1 Debit or credit posting omitted. Read Answer Items for Question 1 Wrong amount posted to an account. Read Answer Items for Question 1 Column incorrectly added. Read Answer Items for Question 1 Balance entered in wrong column of account. Read Answer Items for Question 1 Amount incorrectly entered on trial balance. Read Answer Items for Question 1 Balance entered in wrong column or omitted. Read Answer Items for Question 1 Debit posted as credit, or vice versa. Read Answer Items for Question 1 Answer A. Posting errors B. Trial balance preparation errors C. Account balance errors 8 points Question 2 Identify each of the accounts below as one of the following: Answer Unearned Rent Read Answer Items for Question 2 Prepaid Insurance Read Answer Items for Question 2 Fees Earned Read Answer Items for Question 2 Patents Read Answer Items for Question 2 Dividends Read Answer Items for Question 2 Answer A. a liability account B. a stockholders

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