A company that records credit purchases in a purchases journal and records purchases returns in a general journal made the following errors. Indicate when each error should be discovered.
1. Made an addition error in totaling the Office Supplies column of the purchases journal.
- When the trial balance is prepared.
- When the schedule of accounts payable is prepared.
- When crossfooting the purchases journal.
- When the schedule of accounts receivable is prepared.
- When crossfooting the cash disbursements journal.
2. Made an addition error in determining the balance of a creditor's subsidiary account.
- When the trial balance is prepared.
- When the schedule of accounts payable is prepared.
- When crossfooting the purchases journal.
- When the schedule of accounts receivable is prepared.
- When crossfooting the cash disbursements 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 Inventory account.
- When the trial balance is prepared.
- When the schedule of accounts payable is prepared.
- When crossfooting the cash disbursements journal.
- When the schedule of accounts receivable is prepared.
- When crossfooting the purchases Journal.
4.Correctly recorded a $8,000 purchase in the purchases journal but posted it to the creditor's subsidiary account as a $800 purchase.
- When the trial balance is prepared.
- When the schedule of accounts payable is prepared.
- When crossfooting the purchases journal.
- When the schedule of accounts receivable is prepared.
- When crossfooting the cash disbursements journal.
5.Posted a purchases return to the Inventory account and to the Accounts Payable account but did not post to the creditor's subsidiary account.
- When the trial balance is prepared.
- When the schedule of accounts payable is prepared.
- When crossfooting the purchases journal.
- When the schedule of accounts receivable is prepared.
- When crossfooting the cash disbursements journal.