In this problem, you will be given three errors that may or may not affect the trial balance. You are to determine the following:

1. As a result of each error, will the trial balance still balance? Consider each error separately.

If you determine that the trial balance will not balance as a result of the error, then answer the following questions:

2. What is the amount of the difference between the two columns of the trial balance?
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?
A debit entry of $505 to Prepaid Insurance was incorrectly posted to Insurance Expense.	Yes	No	$	Debit	Credit
The $955 balance of Supplies in the general ledger was omitted from the trial balance.	Yes	No	$	Debit	Credit
A payment of $780 on account for supplies previously purchased was recorded as a debit to Accounts Payable for $870 and a credit to Cash for $870.	Yes	No	$	Debit	Credit