(85%) 1. The balances in the ceneral Ledger accounts of Courtney Company resulted in the following totals: Assets Liabilities Equity $1,019,000 720,000 325,000 356 Total assets do not equal total liabilities plus equity because the following errors were made: (1) Supplies of $3,500 that were purchased on account were posted to Accounts Payable as a $2,500 purchase. No error was made in the Supplies account. (2) Credit services provided of $35,000 were posted to the Service Revenue account and Accounts Receivable account as $53,000. (3) Buildings purchased on credit for $127,000 was incorrectly posted to Notes Payable as $172,000 No error was made in the Equipment account. (4) Rent expense of $24,500 was incorrectly posted as an expense of $42,500. Cash was posted correctly. (5) $50,000 of equipment bought on account was purchased but not recorded. (6) When $250,000 was borrowed from the bank, retained earnings was debited and accounts receivable was credited