Trial Balance Errors
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
a. Payment of a cash withdrawal of $ 5,600 was journalized and posted as a debit of $ 6,500 to Salary Expense and a credit of $ 6,500 to Cash.
b. A fee of $ 2,850 earned from a client was debited to Accounts Receivable for $ 2,580 and credited to Fees Earned for $ 2,850.
c. A payment of $ 3,500 to a creditor was posted as a debit of $ 3,500 to Accounts Payable and a debit of $ 3,500 to Cash.
a. The totals are equal since both the debit and credit entries were journalized and posted for $ 6,500..
b. The totals are unequal. The credit total is higher by $ 270 ($ 2,850 – $ 2,580).
c. The totals are unequal. The debit total is higher by $ 7,000 ($ 3,500 + $ 3,500).