Glencoe Accounting

Chapter 7: Posting Journal Entries to General Ledger Accounts

Homework Practice

Effect of Errors on the Trial Balance

The following errors occurred in posting to the general ledger from a general journal.

1.  A debit of $1,000 to Office Supplies was posted twice.

2.  A debit of $2,500 to Rent Expense was posted as $5,200.

3.  A credit of $3,000 to Accounts Payable was not posted.

4.  A debit of $500 to Accounts Payable was posted as a credit to Accounts Payable.

5.  A credit of $360 to Cash in Bank was posted as $630.

6.  A debit of $1,200 to Cash in Bank was posted to Utilities Expense.

Instructions

Consider each case individually, indicate:

1. by "yes" or "no" whether the trial balance would be out of balance;
2. if the answer to (a) is "yes", identify the amount by which the trial balance totals would differ;
3. whether the debit or credit column of the trial balance would have the larger total.

Error 1 is completed as an example.