Question: 1.Complete the following chart to show the effect of errors on a trial balance. Trial balance will not balance Trial balance will ' Credits balance

1.Complete the following chart to show the effect of errors on a trial balance.

Trial balance will not balance Trial balance will ' Credits balance but will greater than greater than not be correct Error Situation ' debits b $ LI . __ An entire general journal entry for $80 is not posted. The Wages Expense account balance of $22 000 is listed on the trial balance as a credit. An entire general journal entry for $200 is posted in reverse, that is, the debit amount was posted to the credit account, and the credit amount was posted to the debit account. A $500 credit is posted as a debit. . The Bank account is understated by $ 160. . The Drawings account balance of $3500 is listed on the trial balance as a credit

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