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Different types of posting errors are identified in the following table. For each error, indicate (a) whether the trial balance will balance, (b) the amount
Different types of posting errors are identified in the following table. For each error, indicate (a) whether the trial balance will balance, (b) the amount of the difference if the trial balance will not balance, and (c) the trial balance column that will have the larger total. Consider each error separately. Use the following format. (For (c), if the error does not result in a larger column on the trial balance select N/A.) In Larger Column Error Balance Difference 1. A $1,400 debit to Supplies was posted as a $4,100 debit. 2. A $1,100 credit to Cash was posted twice as two credits to Cash. 3. A $5,800 debit to Dividends Declared was posted to the Common Shares account. 4. A journal entry debiting Cash and crediting Service Revenue for $2,600 was not posted 5. The collection of $490 cash on account was posted as a debit of $490 to Cash and a credit of $490 to Accounts Payable. The payment of $1,000 on an account payable owed to the insurance company was posted as a debit to the Insurance Expense account. No credit was posted 6
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