Question 5 of 7 -11 View Policies Current Attempt in Progress The bookkeeper for JL. Monty Equipment Repair made a number of errors in journalizing and posting, as described below. For each error: (a) (b) (c) Indicate whether the trial balance will balance. of the trial balance will not balance, indicate the amount of the difference. Indicate the trial balance column that will have the larger total. No. Error (a) In Balance (c) Larger column (b) Difference 1. Acredit posting of $385 to Accounts Receivable was omitted 2 A debit posting of $830 for Prepaid Insurance was debited to Insurance Expense. 3. $ A collection from a customer of $150 in payment of its account owed was journalized and posted as a debit to Cash $150 and a credit to Service Revenue $150. A credit posting of $125 to Property Taxes Payable was made twice. 4 - /10 E uestion 5 of 7 (a) In Balance (b) Difference Larger column No. 1. Error Acredit posting of $385 to Accounts Receivable was omitted 2. > A debit posting of $830 for Prepaid Insurance was debited to Insurance Expense. 3 A collection from a customer of $150 in payment of its account owed was journalized and posted as a debit to Cash $150 and a credit to Service Revenue $150. Acredit posting of $125 to Property Taxes Payable was made twice. $ 5. $ Acash purchase of supplies for $210 was journalized and posted as a debit to Supplies $21 and a credit to Cash $21. A debit of $250 to Advertising Expense was posted as $277. $ eTextbook and Media