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Effect of Errors on Trial Balance The following errors occurred in posting from a two-column journal: 1. A credit of $6,990 to Accounts Payable
Effect of Errors on Trial Balance The following errors occurred in posting from a two-column journal: 1. A credit of $6,990 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Earned for $18,500 was not posted. 3. A debit of $740 to Accounts Payable was posted as a credit. 4. A debit of $1,830 to Supplies was posted twice. 5. A debit of $2,110 to Cash was posted to Miscellaneous Expense. 6. A credit of $460 to Cash was posted as $640. 7. A debit of $3,960 to Wages Expense was posted as $3,690. Considering each case individually (i.e., assuming that no other errors had occurred): (a) Indicate by "yes" or "no" whether the trial balance would be out of balance. (b) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ. (c) Indicate whether the debit or credit column of the trial balance would have the larger total.
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