Chapter 3, Problem 3.3IP

True or False After posting a transaction, the new balance in an account can be seen in the general ledger.

The unadjusted trial balance is prepared O a. only if errors are suspected. O b. prior to determining the account balance in the ledger. O c. after the journal entries are posted. O d. prior to posting the journal entries.

Which statement is false?a. A trial balance lists all the accounts with their current balances.b. A trial balance can be taken at any time.c. A trial balance can verify the equality of debits and credits.d. A trial balance is the same as a balance sheet

1. Post the general journal entries to the general ledger accounts. If no amount is required, leave the entry box blank. For same date transactions, post the entries in the order of the transaction information.

The collection of accounts of Customer Alexander is recorded as a credit to the ledger of Customer Sean. What is the effect of the error in the total assets of the entity?

The unadjusted trial balance is prepared   a.prior to posting the journal entries. b.only if errors are suspected. c.prior to determining the account balance in the ledger. d.after the journal entries are posted.

Which of the folloving errors cannot be detected by the trial balance? a Incorrect accounts were used to record a given transaction. b. Incorrect amounts were recorded for a given transaction C. A journal entry was posted twice. d. A journal entry was not posted to the general ledger, O a All of the Letters O b C&D A &B B&C

Below are the steps in the measurement process of external transactions. Arrange them from first (1) to last (6).__________ a. Post the transaction to the T-accounts in the general ledger.__________ b. Assess whether the impact of the transaction results in a debit or credit to account balances.__________ c. Use source documents to identify accounts affected by an external transaction.__________ d. Analyze the impact of the transaction on the accounting equation.__________ e. Prepare a trial balance.__________ f. Record the transaction using debits and credits.

Errors can occur in posting debits and credits from the journal to the ledger. One way to detect errors is by transferring the balances in each account to summary report called the _____________________ and by adding the debit column and the credit column to see if the totals equal (or balance). Group of answer choices ledger journal balance sheet trial balance