Question: The bookkeeper for Roger's dance studio made the following errors in journalizing and posting. For each error, indicate whether the trial balance will balance; the

The bookkeeper for Roger's dance studio made the following errors in journalizing and posting. For each error, indicate whether the trial balance will balance; the amount of the difference if the trial balance will not balance; and the trial balance column that will have the larger total. Consider each error separately. Use the following form, in which error 1 is given as an example. Error In Balance Difference Larger Column Debit A credit to Supplies of $590 was omitted. A debit posting of $ 310 to Accounts Payable was inadvertently debited to Accounts Receivable $590 1. 2. 3. No Yes Debit A purchase of supplies on account of $ 580 was debited to Supplies for $670 and credited to Accounts Payable for $670. A credit posting of $ 730 to Interest Payable was posted twice. Yes 90 Credit 4. 730 Credit Debit Debit Debit Debit No T A debit posting to Income Taxes Payable for $300 and a credit posting to Cash for $ 300 were made twice. A debit posting for $1,450 of Dividends was inadvertently posted to Salaries and Wages Expense instead. A credit to Service Revenue for $400 was inadvertently posted as a debit to Service Revenue. A credit to Accounts Receivable of $300 was credited to Accounts Payable. 5. Yes 6. 7. 8. Yes 1450 400 Yes 300
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