JOURNAL ENTRIES Trial balance errors 1. As a result of each error, will the trial balance still balance? Consider each erro If you determine that the trial balance will not balance as a result of the error, then 2. What is the amount of the difference between the two columns of the trial bala 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? The $275 balance of Supplies in the general ledger was omitted from the trial balance. Yes O NO $ Debit Credit A debit entry of $890 to Prepaid Insurance was incorrectly posted to Insurance Expense. Yes No A Debit Credit The $540 Accounts Receivable balance in the general ledger was listed as $450 in the trial balance Yes No so Debit Credit X 5 ? Explanation Check