The accountant for Brumley Solutions, Inc. made the following errors while recording transactions for the period:

Indicate whether or not the debit and credit columns of Brumley's trial balance will be equal after recording each of these erroneous entries. Then identify the account(s) that will be misstated as a result of these errors and the direction of the misstatement (i.e., understatement or overstatement).

Question

The accountant for Brumley Solutions, Inc. made the following errors while recording transactions for the period:
 
Indicate whether or not the debit and credit columns of Brumley's trial balance will be equal after recording each of these erroneous entries. Then identify the account(s) that will be misstated as a result of these errors and the direction of the misstatement (i.e., understatement or overstatement).

Quizplus · Accepted Answer

The Answer of The accountant for Brumley Solutions, Inc. made the following errors while recording transactions for the period:
 
Indicate whether or not the debit and credit columns of Brumley's trial balance will be equal after recording each of these erroneous entries. Then identify the account(s) that will be misstated as a result of these errors and the direction of the misstatement (i.e., understatement or overstatement).

The Accountant for Brumley Solutions, Inc