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1 Insert Formal Arrange View Share Window Help Chapter 3 HW Problems Problem 2-Effects of errors on the trial balance. For each of the following
1 Insert Formal Arrange View Share Window Help Chapter 3 HW Problems Problem 2-Effects of errors on the trial balance. For each of the following errors, will the trial balance totals be in balance or out of balance? Place an X in the appropriate colum 1. Failing to post the credit portion of a journal entry The debit portion was posted correctly 2. Posting a debit to the Insurance Expense account as a debit to the Equipment account 3. Posting a credit to the Cash account as a credit to the Accounts Payable account 4. Posting a debit to the Owner's Drawing account as a credit to the revenue account In Balance Out of Balance 5. Posting the payment of an Accounts Payable as a debit to the Equipment account and a credit to the Cash account 6. Posting the cash purchase of supplies as a debit to the Cash account and a credit to the Supplies 20
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