Question 4 Which of the following errors will not affect the equality of the debit and credit columns of the trial balance? A debit entry was recorded in a wrong debit account. The debit balance of a transaction has a different balance with its related credit. The account balance was carried to the wrong column of the trial balance. A debit was entered in an account as a credit. Question 5 Which of the following statements is true? Transposition errors always result to trial balance with unequal debit and credit totals. 1 Point 1 Point Miscalculation of interest which was debited and credited for equal amounts will result to an unbalanced trial balance. Total omission of a journal entry will still make the trial balance equal. In the accounting cycle, posting may precede journalizing Question 6 Accrued expense is classified as account, while accrued revenue is classified as account. an expense; an asset (B) an expense; a revenue a liability, a revenue a liability, an asset Question 7 What type of adjusting entry is required for this Item: Unpaid interest from notes issued? Accrued expense Accrued revenue Prepaid expense Unearned revenue 1 Point 1 Point