11. Assume that when a purchase of supplies of $3,100 for cash was recorded, both the debit and the credit were journalized and posted as $1,300. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $3,100 entry had been journalized correctly but the credit to Cash had been posted as $1,300? 12. Assume that Timberline Consulting erroneously recorded the payment of $9,000 of owner withdrawals as a debit to Salary Expense. (a) How would this error affect the equality of the trial balance? (b) How would this error affect the income state- ment, statement of owner's equity, and balance sheet? 13. Assume that Western Realty Co. borrowed $200,000 from the Canadian Imperial Bank of Commerce. In recording the transaction, Western erroneously recorded the receipt as a debit to Cash, $200,000, and a credit to Fees Earned, $200,000. (a) How would this error affect the equality of the trial balance? (b) How would this error affect the income statement, statement of owner's equity, and balance sheet? 14. In journalizing and posting the entry to record the purchase of supplies for cash, the accounts payable account was credited in error. What is the preferred procedure to correct this error? 15. Chequing accounts are the most common form of deposits for banks. Assume that Village Storage has a chequing account at ATB Financial. What type of account (asset, liability, owner's equity, revenue, expense, withdrawals) does the account balance of $8,750 represent from the viewpoint of (a) Village Storage and (b) ATB I Financial