Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. What would you tell the students?
(a) The bookkeeper debited Supplies for $750 and debited Accounts Payable for $750 for the purchase of supplies on account.
(b) Cash collected on account was debited to Cash for $1,000 and credited to Service Revenue for $1,000.
(c) A journal entry recording the payment of dividends was posted to the general ledger as a debit to the Dividends account of $650 and a credit to the Cash account of $560.