Question: The following errors occurred in posting from a two-column Journal 1. Acredit of $7,340 to Accounts Payable was not posted. 2. An entry debiting Accounts
The following errors occurred in posting from a two-column Journal 1. Acredit of $7,340 to Accounts Payable was not posted. 2. An entry debiting Accounts Receivable and crediting Fees Eamed for $14,200 was not posted 3. A debit of $710 to Accounts Payable was posted as a credit 4. A debit of $2,010 to Supplies was posted twice S. A debit of $1,240 to Cash was posted to Miscellaneous Expense 6. A credit of $460 to Cash was posted as $640. 7. A debit of $5,820 to Wages Expense was posted as $5,280. Considering each case individually che, assuming that no other errors had occurred), indicate; by "yes" or "no" whether the trial balance would be out of balance in the answer is yes," the amount by which the trial balance totals would differ; and whether the Debitor Credit column of the trial balance would have the larger total, 1 "no", enter "oin the difference column and select "neither" from the drop box under "larger Total". Enter all amounts as positive numbers. Answers should be presented in the following form, with error (1) given as an examples Error Out of Balance Difference Larger Total 1. Yes $7,340 Debit 2. 3 4. 5 6 7
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