The bookkeeper for Bullwinkle Corporation 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 1. A credit posting of $460 to Accounts
Receivable was omitted. No $460 Debit 2. A debit posting of $640 for Prepaid Insurance was debited to Insurance Expense. $ 3. A collection on account of $260 was
journalized and posted as a debit to Cash $260 and a credit to Accounts Payable $260. $ 4. A credit posting of $210 to Property Taxes Payable was made twice. $ 5.
A cash purchase of supplies for $410 was journalized and posted as a debit to Supplies $30 and a credit to Cash $30. $ 6. A debit of $385 to Advertising Expense
was posted as $358. $
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 1. A credit posting of $460 to Accounts
Receivable was omitted. No $460 Debit 2. A debit posting of $640 for Prepaid Insurance was debited to Insurance Expense. $ 3. A collection on account of $260 was
journalized and posted as a debit to Cash $260 and a credit to Accounts Payable $260. $ 4. A credit posting of $210 to Property Taxes Payable was made twice. $ 5.
A cash purchase of supplies for $410 was journalized and posted as a debit to Supplies $30 and a credit to Cash $30. $ 6. A debit of $385 to Advertising Expense
was posted as $358. $
