The accountant for Smistad Guitar Repair Company made a number of errors in journalizing and posting, as described below:

1.		A credit posting of $400 to Accounts Payable was omitted.
2.		A debit posting of $705 for Rent Expense was debited to Prepaid Rent.
3.		A collection on account of $140 was journalized and posted as a $140 debit to Cash and a $140 credit to Service Revenue.
4.		A credit posting of $445 to Accounts Payable was made twice.
5.		A cash purchase of supplies for $270 was journalized and posted as a $27 debit to Supplies and a $27 credit to cash.
6.		A debit of $497 to Advertising Expense was posted as $479.
7.		A journal entry for the payment of $1,240 of salaries expense was posted twice.

Will the trial balance be in balance?

Error		In Balance
1.		YesNo
2.		YesNo
3.		YesNo
4.		YesNo
5.		YesNo
6.		YesNo
7.		YesNo

What is the amount of the error if the trial balance will not balance?

Error		Difference
1.		$
2.		$
3.		$
4.		$
5.		$
6.		$
7.		$

Which trial balance column will have the larger total?

Error		Larger column
1.		DebitCreditNone
2.		DebitCreditNone
3.		NoneCreditDebit
4.		DebitCreditNone
5.		CreditNoneDebit
6.		NoneCreditDebit
7.		CreditNoneDebit

Which account or accounts have an incorrect balance?

Error		Incorrect Accounts
1.
2.
3.
4.
5.
6.
7.