$550 $600 7. The Supplies ledger account below contains a number of errors. (a) List the errors. (b) Prepare a corrected Supplies account. GENERAL LEDGER No. 103 PR DEBIT CREDIT DR GR BALANCE ACCOUNT Supplies DATE PARTICULARS 20.- Nov. 1 Forwarded 2 3 J3 J3 J3 DR 200 00 CR DR. DR. DR. 400 00 150 00 50 00 2 200 00 2000 00 2 400 00 2 550 00 250 000 4 5 J3 Posting to the Ledger UNIT 7 135 8. Ricardo Lopes opened an insurance agency on October 1 with the following assets and liabilities: Cash $2500: Equinment $5500: Building $175.000