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The bookkeeper for Riverbed Corp made these errors in journalizing and posting. For each error, indicate whether the trial balance will balance; if the trial
The bookkeeper for Riverbed Corp 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 1 is given as an example. Error In Balance Difference Larger Column Debit 1. No $ 600 2. A credit posting of $ 600 to Accounts Receivable was omitted. A debit posting of $ 590 for Prepaid Insurance was debited to Insurance Expense. A collection on account of $ 290 was journalized and posted as a debit to Cash $ 290 and a credit to Accounts Payable $ 290. A credit posting of $ 340 to Income Taxes Payable was made twice. A cash purchase of supplies for $ 390 was journalized and posted as a debit to Supplies $ 39 and a credit to Cash $ 39. A debit of $365 to Advertising Expense was posted as $ 356. 4.
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