Reference no: EM133560701

Question: The bookkeeper for Nancy's dance studio made the following errors in journalizing and posting. For each error, indicate (a) whether the trial balance will balance, (b) the amount of the difference if the trial balance will not balance, and (c) 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 a. In Balance b. Difference c. Larger Column 1. A credit to Supplies of $640 was omitted. No $640 Debit 2. A debit posting of $300 to Accounts Payable was inadvertently debited to Accounts Receivable. 3. A purchase of supplies on account of $340 was debited to Supplies for $430 and credited to Accounts Payable for $430. 4. A credit posting of $650 to Interest Payable was posted twice. 5. A debit posting to Income Taxes Payable for $230 and a credit posting to Cash for $230 were made twice. 6. A debit posting for $1,600 of Dividends was inadvertently posted to Salaries and Wages Expense instead. 7. A credit to Service Revenue for $400 was inadvertently posted as a debit to Service Revenue. 8. A credit to Accounts Receivable of $310 was credited to Accounts Payable.