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The bookkeeper for Blossom Corporation made these errors in journalizing and posting. For each error, indicate whether the trial balance will balance; if the trial
The bookkeeper for Blossom Corporation made these errors in journalizing and posting.
For each error, indicate whether the trial balance will balance; if the trial balance will not balance, indicate the amount of the difference, and the trial balance column that will have the larger total. Consider each error separately. Use the following form, in which error is given as an example.
table Larger Column Debit
Acredit posting of $ to Accounts Receivable was omitted.
A debit posting of $ for Prepaid Insurance was debited to Insurance Expense.
A collection on account of $ was journalized and posted as a debit to Cash $ and a credit to Accounts Payable $
A credit posting of $ to Income Taxes Payable was made twice.
A cash purchase of supplies for $ was journalized and posted as a debit to Supplies $ and a credit to Cash $
A debit of $ to Advertising Expense was posted as $
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