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Efrect of errors on trial balance The following errors occurred in posting from a two - column journal: A credit of $ 5 , 2
Efrect of errors on trial balance
The following errors occurred in posting from a twocolumn journal:
A credit of $ to Accounts Payable was not posted.
An entry debiting Accounts Receivable and crediting Fees Earned for $ was not posted.
A debit of $ to Accounts Payable was posted as a credit.
A debit of $ to Supplies was posted twice.
A debit of $ to Cash was posted to Miscellaneous Expense.
A credit of $ to Cash was posted as $
A debit of $ to Wages Expense was posted as $
Considering each case individually ie 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.
If no enter in the difference column and select "neither" from the drop box under "Larger Total". Enter all amounts as positive numbers. Answers should be presented in the fo as an example:
tableErrorOut of Balance,,,Larger TotalYes,,Debit$
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