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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.

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In Balance Larger column No. Error Difference A credit posting of $715 to Accounts Receivable was omitted $L Debit 715 A debit posting of $940 for Prepaid Insurance was debited to Insurance Expense. Yes x . A collection from a customer of $160 in payment of its account owed was journalized and posted as a debit to Cash $160 and a credit to Service Revenue $160. Yes A credit posting of $705 to Property Taxes Payable was made twice. Credit A cash purchase of supplies for $850 was journalized and posted as a debit to Supplies $85 and a credit to Cash $85. Yes A debit of $552 to Advertising Expense was posted as $525. No Credit 27

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