Effects of Errors on the Trial Balance

Problem #15 Effects of Errors on the Trial Balance The following errors occurred in posting transactions from the journal to the ledger: 1. A payment of P1,700 for advertising was posted as a P1,700 debit to advertising expense and a P7,100 credit to cash. 2. The receipt of P3,000 from a client on account was posted as a P3,000 debit to cash and a P3,000 credit to sales. 3. The purchase of supplies on account for P1,400 was posted twice as a debit to supplies and once as a credit to accounts payable. 4. The payment of P2,200 to a creditor on account was posted as a credit to accounts payable for P2,200 and a credit to cash for P2,200. For each of these errors, determine the following: a. Is the trial balance out of balance? b. If out of balance, what is the difference between the column totals? c. Which column total is larger