= JOURNAL ENTRIES Trial balance errors 1. A sult of each error, will the trial balance still balance? Consider each error If you determine that the trial balance will not balance as a result of the error, then a 2. What is the amount of the difference between the two columns of the trial balan 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 $490 credit to Service Revenue was posted as a $490 Yes No credit to Deferred Revenue. $0 O Debit Credit 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. Yes No SI Debit Credit A credit to Accounts Payable for $785 was omitted. Yes No Debit Credit 5 ? Explanation Check