Please help me with number 5 Question 31 The bookkeeper for Ivanhoe's Equipment Repair...
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Accounting
Please help me with number 5
Question 31 The bookkeeper for Ivanhoe's Equipment Repair Corporation made these errors in journalizing and posting: 1. A credit posting of $430 to Accounts Receivable was omitted. 2. A debit posting of $720 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. A credit posting of $600 to Accounts Payable was made twice. 5. A cash purchase of supplies for $240 was journalized and posted as a $240 debit to Supplies and a $24 credit to Cash. 6. A debit of $465 to Advertising Expense was posted as $456. 4. For each error, indicate: (a) whether the trial balance will balance (b) the amount of the difference if the trial balance will not balance, and (c) the trial balance column that will have the larger total. Consider each error separately. Use the following format. (a) In Balance (b) Difference (c) Larger Column Error 1. Nov $ 430 Debit 2. Yes NA 3. Yes NA 4. Nov 600 Credit 5. 6. Nov 9 CreditGet Answers to Unlimited Questions
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You can see the logs in the Dashboard.