The following errors occurred in posting from a two-column journal: a. A credit of $5,540 to Accounts Payable was not posted.
b. An entry debiting Accounts Receivable and crediting Fees Earned for $11,900 was not posted.
c. A debit of $1,240 to Accounts Payable was posted as a credit.
d. A debit of $2,200 to Supplies was posted twice.
e. A debit of $1,020 to Cash was posted to Miscellaneous Expense.
f. A credit of $250 to Cash was posted as $520.
g. A debit of $3,960 to Wages Expense was posted as $3,690.

Considering each case individually (i. e., assuming that no other errors had occurred):
a. Indicate by "yes" or "no" whether the trial balance would be out of balance.
b. If the answer to (a) is "yes", indicate the amount by which the trial balance totals would differ.
c. Indicate whether the debit or credit column of the trial balance would have the larger total.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?