Question: 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.
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 which trial balance amount of column will become the incrementally larger? difference? A debit to Cash for $765 was not posted Yes No O Debit Credit The $980 Accounts Receivable balance in the general ledger was listed as $890 in the trial balance Yes No SO O Debit Credit $0 Debit Credit A $585 credit to Service Revenue was posted as a $585 Yes No credit to Deferred Revenue. ? I Don't Know Submit 202) H Ni | | | | | | | 11 0 e to search LO
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