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E213 The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below. 1. A credit posting of $450
E213 The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below. 1. A credit posting of $450 to Accounts Receivable was omitted. 2. A debit posting of $250 for Prepaid Insurance was debited to Insurance Expense. 3. A collection from a customer of $100 in payment of its account owed was joumalized and posted as a debit to Cash $100 and a credit to Service Revenue $100. 4. A credit posting of $300 to Properthaxes Payable was made twice. 5. A cash purchase of supplies for $2 50 was joumalized and posted as a debit to Supplies $25 and a credit to Cash $25. 6. A debit of $525 to Advertising Expense was posted as $552. Instructions For each error: {a} Indicate whether the trial balance will balance. [b] If the trial balance will not balance, indicate the amount of the difference. {c} Indicate the trial balance column that will have the larger total. Consider each error sepa ratelv. Use the following form, in which error [1] is given as an example
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