The Bookkeeper for Panda Bear Yard Service Made a Number

Essay

The bookkeeper for Panda Bear Yard Service made a number of errors in journalizing and posting as described below:
1. A debit posting to accounts receivable for $500 was omitted.
2. A payment of accounts payable for $600 was credited to cash and debited to accounts receivable.
3. A credit to accounts receivable for $950 was posted as $95.
4. A cash purchase of equipment for $893 was journalized as a debit to equipment and a credit to notes payable. The credit posting was made for $839 while the debit posting was made for $893.
5. A debit posting of $400 for purchase of supplies was credited to supplies.
6. A debit to repairs expense for $451 was posted as $415.
7. A debit posting for salaries and wages expense for $900 was made twice.
8. A cash purchase of supplies for $700 was journalized and posted as a debit to supplies for $70 and a credit to cash for $70.

For each error indicate (a) whether the trial balance will balance; if the trial balance will not balance indicate (b) the amount of the difference and (c) 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. $$\begin{array} { c c c c } &( \mathrm { A } ) & ( \mathrm { B } ) & ( \mathrm { C } ) \\\frac { \text { Error } } { 1 } & \frac { \ln \text { Balance } } { \text { No } } & \frac { \text { Difference } } { \$ 500 } & \frac { \text { Larger Column } } { \text { Credit } }\end{array}$$