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6 A company that records credit purchases in a purchases journal and records err

ID: 2410849 • Letter: 6

Question

6 A company that records credit purchases in a purchases journal and records errors. Indicate when each error should be discovered 10 points 1. Made an addition error in totaling the Office Supplies column of the purchases ournal. O When preparing the trial balance. () When preparing the schedule of accounts payable O When crossfooting the purchases journal eBook Prina 2 Made an addition error in determining the balance of a creditor's subsidiary account o When preparing the trial balance When preparing the schedule of accounts payable. O When crossfooting the purchases journal. 3. Posted a purchases return to the Accounts Payable account and to the creditor's subsidiary account but did not post the purchases return to the Irventory account @ When preparing the trial balance. When preparing the schedule of accounts payable When crossfooting the purchases journal 4. Correctiy recorded an $8,000 purchase in the purchases journal but posted it to the creditor's subsidiary account as an $800 O When preparing the trial balance O When preparing the schedule of accounts payable When crossfooting the purchases journal.

Explanation / Answer

1. When crossfooting the purchases journal.

2. When preparing the schedule of accounts payable

3. When preparing the trial balance.

4.When preparing the schedule of accounts payable