Two students are discussing the use of a trial balance. They wonder if the following errors in

Question:

Two students are discussing the use of a trial balance. They wonder if the following errors in different companies would prevent a trial balance from balancing. For each error, what would you tell the students?
(a) The bookkeeper debited Supplies for $750 and debited for $750 for the purchase of supplies on account.
(b) Cash collected on account was debited to Cash for $1,000 and credited to Service Revenue for $1,000.
(c) A journal entry recording the payment of rent expense was posted to the general ledger as a $650 debit to Rent Expense and a $560 credit to Cash.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...