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The bookkeeper for Sunland's Equipment Repair Corporation made these errors in journalizing and posting: A credit posting of $430 to Accounts Receivable was omitted. A
The bookkeeper for Sunland's Equipment Repair Corporation made these errors in journalizing and posting: A credit posting of $430 to Accounts Receivable was omitted. A debit posting of $850 for Prepaid Insurance was debited to Insurance Expense. A collection on account of $120 was journalized and posted as a $120 debit to Cash and a $120 credit to Service Revenue. A credit posting of $600 to Accounts Payable was made twice. A cash purchase of supplies for $270 was journalized and posted as a $270 debit to Supplies and a $27 credit to Cash. A debit of $463 to Advertising Expense was posted as $436. For each error, indicate: whether the trial balance will balance the amount of the difference if the trial balance will not balance, and the trial balance column that will have the larger total. Consider each error separately. Use the following format
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