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The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below For each error: (a) Indicate whether the
The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below 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. Larger umn Balance 1 A credit posting of $635 to Accounts Receivable was omitted. No 635 Debit 2. A debit posting of $920 for Prepaid Insurance was debited to Insurance Expense. Yes M Debit A collection from a customer of $110 in payment of its account owed was journalized and posted as a debit to Cash $110 and a credit to Service Revenue $110 3. Credit v 4. A credit posting of $215 to Property Taxes Payable was made twice. 215 Credit 5. A cash purchase of supplies for $860 was journalized and posted as a debit to Supplies 86 and a credit to Cash $86 Yes Debit v 774 6. A debit of $542 to Advertising Expense was posted as $524. No 18 Credit
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