At all times, if the total of the debit and credit columns of the trial balance are balanced, there is no possible error that occurred during the journalizing and posting stages.Select one:TrueFalse

If the debit and credit columns of a trial balance have the same totals, the recording and posting of entries are all guaranteed correct.Select one:TrueFalse

The bookkeeper for Roger’s dance studio made the following errors in journalizing and posting.For each error, indicate whether the trial balance will balance; the amount of the difference if the trial balance will not balance; and 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.ErrorIn BalanceDifferenceLarger Column1. A credit to Supplies of $600 was omitted.No $600Debit2. A debit posting of $300 to Accounts Payable was inadvertently debited to Accounts Receivable.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance3. A purchase of supplies on account of $450 was debited to Supplies for $540 and credited to Accounts Payable for $540.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance4. A credit posting of $680 to Interest Payable was posted twice.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance5. A debit posting to Income Taxes Payable for $250 and a credit posting to Cash for $250 were made twice.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance6. A debit posting for $1,200 of Dividends was inadvertently posted to Salaries and Wages Expense instead.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance7. A credit to Service Revenue for $450 was inadvertently posted as a debit to Service Revenue.select between yes or no enter the amount of the difference if the trial balance is not balanced choose the larger column of the trial balance8. A credit to Accounts Receivable of $250 was credited to Accounts Payable.select between yes or no

If an incorrect amount is captured on the source document, this error will NOT be detected in the trial balance becauase the total debits and the total credits will still be equal.

When a trial balance balances, it is an indication that: Group of answer choices all journal entries have been posted. the account balances are correct. total debits equal total credits. all transactions have been journalised.

errors which affect the trial balance