The bookkeeper for Castle s Equipment Repair

Corporation made these errors #8486

The bookkeeper for Castle's Equipment Repair Corporation made these errors in journalizing
and posting:1. A credit posting of $400 to Accounts Receivable was omitted.2. A debit posting
of $750 for Prepaid Insurance was debited to Insurance Expense.3. A collection on account of
$100 was journalized and posted as a $100 debit to Cash and a $100 credit to Service
Revenue.4. A credit posting of $500 to Accounts Payable was made twice.5. A cash purchase
of supplies for $250 was journalized and posted as a $250 debit to Supplies and a $25 credit to
Cash.6. A debit of $465 to Advertising Expense was posted as $456.InstructionsFor each error,
indicate:(a) whether the trial balance will balance (yes or no),(b) the amount of the difference if
the trial balance will not balance, and(c) the trial balance column (debit or credit) that will have
the larger total.Consider each error separately. Use the following format, in which the first error
is given as an example:
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The bookkeeper for Castle s Equipment Repair Corporation made these errors

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