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?
The Dividend account balance of $500 was listed in the trial balance as a credit.	Yes	No	$	Debit	Credit
A $555 credit to Service Revenue was posted as a $555 credit to Deferred Revenue.	Yes	No	$	Debit	Credit
A receipt of $600 on account for services already performed was recorded as a debit to Cash for $60 and a credit to Accounts Receivable for $600.	Yes	No	$	Debit	Credit