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E2-15. Analyze errors and their effects on trial balance LO 4) The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and
E2-15. Analyze errors and their effects on trial balance LO 4) The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below 1. A credit posting of S450 to Accounts Receivable was omitted. 2. A debit posting of S750 for Prepaid Insurance was debited to Insurance Expense. 3. A collection from a customer of $100 in payment of its account owed was journalized and posted as a debit to Cash $100 and a credit to Service Revenue $100 4. A credit posting of S300 to Property Taxes Payable was made twice 5. A cash purchase of supplies for $250 was journalized and posted as a debit to Supplies S25 and a credit to Cash S25 6. A debit of $525 to Advertising Expense was posted as S552. 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 separately. Use the following form, in which error (1) is given as an example Error In Balance Differenc S450 e Larger Column 0 debit
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