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 have the larger total? What is theWhich trial ba the difference?larger total? l balance Will the trial balance amount of still balance? Statement of Problem column will have the A payment of $490 on account for supplies previously purchased was recorded as a debit to Supplies Expense and a credit to Cash for $490 Yes 0 Debit Credit A payment of $150 on account for supplies previously purchased was recorded as a debit to Accounts Payable for $150 and a credit to Cash for $510 Yes Debit Credit The $875 balance in Service Revenue was listed as a debit Yes 0 Debit Credit
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