The Recording Process

1. A credit posting of $525 to Accounts Receivable was omitted
2. A debit posting of $750 for Prepaid Insurance was debited to Insurance Expense
3. A collection from a customer of $100 in payment of its account owed was journalizing and posted as a debit to Cash $100 and a credit to Service Revenue $100.
4. A credit posting of $415 to Property Taxes Payable was made twice.
5. A cash purchase of supplies for $250 was journalized and posted as a debit to Supplies $25 and a cr3edit to Cash $25.
6. A debit of $625 to Advertising Expense was posted as $652.

Instructions

1. Indicate whether the trial balance will balance.
2. If the trial balance will not balance, indicate the amount of the difference.
3. Indicate 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.

Solution