Effect of errors on trial balance The following errors occurred in posting from a two-column journal: 1. A credit of $8,720 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Earned for $15,400 was not posted. 3. A debit of $960 to Accounts Payable was posted as a credit. 4. A debit of $2,450 to Supplies was posted twice. 5. A debit of $1,500 to Cash was posted to Miscellaneous Expense. 6. A credit of $380 to Cash was posted as $830. 7. A debit of $6,970 to Wages Expense was posted as $6,790. Considering each case individually (i.e., assuming that no other errors had occurred): (a) Indicate by "yes" or "no" whether the trial balance would be out of balance. (b) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ. (c) Indicate whether the debit or credit column of the trial balance would have the larger total. If "no", enter "0" in the difference column and select "neither" from the drop box under "Larger Total". Enter all amounts as positive numbers. Answers should be presented in the following form, with error (1) given as an example: Out of Balance Error 1. 2. 3. 4. 5. 6. 7. No Yes Yes No Yes Yes Yes Difference $ $ $ $ $ $8,720 0 00! $ 960 X Larger Total Debit Neither Credit Debit Neither Credit Credit

The following errors occurred in posting from a two-column foumal: 1. A credit of $8,720 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Earned for $15,400 was not posted. 3. A debit of $960 to Accounts Payable was posted as a credit. 4. A debit of $2,450 to Supplies was posted twice. 5. A debit of $1,500 to Cash was posted to Miscellaneous Expense 6. A credit of $380 to Cash was posted as $830. 7. A debit of $6,970 to Wages Expense was posted as $6,790. Considering each case individually (1.e, assuming that no other errors had occurred): (a) Indicate by "yes" or "no" whether the trial balance would be out of balance. (b) If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ, (c) Indicate whether the debit or credic column of the trial balance would have the larger total. If "no", enter "0" in the difference column and seiect "neither" from the drop box under "Lorger Total". Enter a presented in the followine form, with error (1) aben as an examele