Response to the following questions:
1. Why does the recordkeeper prepare a trial balance?
2. If an incorrect amount is journalized and posted to the accounts, how should the error be corrected?
3. Identify the four financial statements of a business.
4. Review the Decision Ethics case from the first part of this chapter involving the cashier. The guidance answer suggests that you should not comply with the assistant manager's request. Required Propose and evaluate two other courses of action you might consider, and explain why