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Question: the bookkeeper for bridgeport corp made these errors in journalizing...

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The bookkeeper for Bridgeport Corp. 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. Larger Column Debit Error In Balance Difference 1. A credit posting of $300 to Accounts Receivable was omitted. No $300 2. Adebit posting of $590 for Prepaid Insurance was debited to Insurance Expense. 3. A collection on account of $230 was journalized and posted as a debit to Cash $230 and a credit to Accounts Payable $230. 4. A credit posting of $490 to Income Taxes Payable was made twice. 5. Acash purchase of supplies for $400 was journalized and posted as a debit to Supplies $15 and a credit to Cash $15 6. Adebit of $385 to Advertising Expense was posted as $358.

The bookkeeper for Bridgeport Corp. 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 Debit $300 1. 2. A credit posting of $300 to Accounts Receivable was omitted. No A debit posting of $590 for Prepaid Insurance was debited to Insurance Expense Acollection on account of $230 was journalized and posted as a debit to Cash $230 and a credit to Accounts Payable $230. A credit posting of $490 to Income Taxes Payable was made twice. Acash purchase of supplies for $400 was journalized and posted as a debit to Supplies $15 and a credit to Cash $15. Adebit of $385 to Advertising Expense was posted as $358. No Yes 3. 4. 5. 6.

The bookkeeper for Bridgeport Corp. 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 $300 to Accounts Receivable was omitted. No $300 Debit 2. A debit posting of $590 for Prepaid Insurance was debited to Insurance Expense A collection on account of $230 was journalized and posted as a debit to Cash $230 and a credit to Accounts Payable $230. A credit posting of $490 to Income Taxes Payable was made twice Acash purchase of supplies for $400 was journalized and posted as a debit to Supplies $15 and a credit to Cash $15. A debit of $385 to Advertising Expense was posted as $358. Credit Debit None 3. 4. 5. 6.

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