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The bookkeeper for J . L . Bridgeport Equipment Repair made a number of errors in journalizing and posting, as the following describes. For each
The bookkeeper for JL Bridgeport Equipment Repair made a number of errors in journalizing and posting, as the following describes.
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.
tableNoError,tableaInBalancetablebDifferencetablecLargercolumntableA credit posting of $ to Accounts Receivable wasomitted$tableA debit posting of $ for Prepaid Insurance wasdebited to Insurance Expense.$tableA collection from a customer of $ in payment of itsaccount owed was journalized and posted as a debit toCash $ and a credit to Service Revenue $$
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