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Question 6 of 7 (a) Indicate whether the trial balance will balance. ...

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Accounting

Question 6 of 7
(a) Indicate whether the trial balance will balance.
(b) If the trial balance will not balance, indicate the amount of the difference.
(c) Indicate the trial balance column that will have the larger total.
(a)
(b)
(c)
Larger
Difference
column
1. A credit posting of $415 to Accounts Recievable was omitted
2. A debit posting of $860 for Prepaid Insurance was debited to Insurance Expense.
3. A collection from a customer of $240 in payment of its account owed was journalized and posted as a debit to Cash $240 and a credit to Service Revenue $240.
4. A credit posting of $295 to Property Taxes Payable was made twice.
5. A cash purchase of supplies for $490 was journalized and posted as a debit to Supplies $49 and a credit to Cash $49.
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