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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.

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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? Which trial balance column will become incrementally larger? A payment of $695 on account for supplies previously purchased was recorded as a debit to Suralles Expense and a credit to Cash for $695. Yes No SO Debit Credit The $685 balance in Service Revenue was listed as a debit. Yes No $ 1,370 Debit Credit A receipt of $500 on account for services already performed was recorded as a debit to Cash for $500 and a credit to Service Revenue for $50. Yes No so Debit Credit

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