In this problem, you will be given three errors that may or may not affect the trial balance. You are to determine the following: 1. As a result of each error, will the trial balance still balance? Consider each error separately. If you determine that the trial balance will not balance as a result of the error, then answer the following questions: 2. What is the amount of the difference between the two columns of the trial balance? 3. Which trial balance column (debit or credit) will become incrementally larger? Statement of Problem Will the trial balance still balance? What is the amount of the difference? A receipt of $700 on account for services already performed was recorded as a debit to Cash for $70 and a credit to Accounts Receivable for $700. Which trial balance column will become incrementally larger? Yes No $ Debit Credit The Dividend account balance of $925 was listed in the trial balance as a credit. Yes No $ Debit Credit A debit entry of $845 to Prepaid Insurance was Yes No $ Debit Credit incorrectly posted to Insurance Expense.