CHAPTER 7 REVIEW EXERCISES (continued) Exercise 2, p. 257 Trial Balance will not balance Debits greater Credits greater than credits by than debits by (55) Trial Balance will balance but will not be correct Error situations A. An entire journal entry is posted as $400 instead of $100. B A debit of $200 is posted twice. . A debit of $150 is posted as a credit. D The Bank account is over-added by $80. E. The Drawings account balance of $5500 is missed when preparing the trial balance. The Revenue account balance of $72 000 is listed on the trial balance as a debit. F. G An entire general journal entry for $325 is not posted. H. An entire general journal entry for $50 is posted in reverse 1 A $40 debit is not posted. A $500 credit is posted as $50. K A debit of $60 to Bank was posted to a customer's account instead of to Bank L A $40 debit is posted as $400. Chapter 7 Prating 18