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:
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 to Cash for $130 was Yes No $ 650 Debit Credit not posted. A $735 credit to Service Revenue was posted as a $735 Yes credit to Deferred Revenue. No $ The $720 Accounts Receivable balance in the general ledger was listed as $270 in the trial balance. Debit Credit Yes No $ Debit Credit G ?
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