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Question 2 of 6 < > View Policies Current Attempt in Progress -/14 The accountant for Smistad Guitar Repair Company made a number of
Question 2 of 6 < > View Policies Current Attempt in Progress -/14 The accountant for Smistad Guitar Repair Company made a number of errors in journalizing and posting, as described below: 1. A credit posting of $480 to Accounts Payable was omitted. 2. A debit posting of $735 for Rent Expense was debited to Prepaid Rent. 3. 4. A collection on account of $100 was journalized and posted as a $100 debit to Cash and a $100 credit to Service Revenue. A credit posting of $415 to Accounts Payable was made twice. 5. 6. A cash purchase of supplies for $220 was journalized and posted as a $22 debit to Supplies and a $22 credit to cash. A debit of $497 to Advertising Expense was posted as $479. 7. A journal entry for the payment of $1,170 of salaries expense was posted twice. Will the trial balance be in balance? Error In Balance 1 2
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