In Balance Larger column No. Error Difference A credit posting of $715 to Accounts Receivable was omitted $L Debit 715 A debit posting of $940 for Prepaid Insurance was debited to Insurance Expense. Yes x . A collection from a customer of $160 in payment of its account owed was journalized and posted as a debit to Cash $160 and a credit to Service Revenue $160. Yes A credit posting of $705 to Property Taxes Payable was made twice. Credit A cash purchase of supplies for $850 was journalized and posted as a debit to Supplies $85 and a credit to Cash $85. Yes A debit of $552 to Advertising Expense was posted as $525. No 수 Credit 27

The bookkeeper for Brooks Equipment Repair made a number of errors in journalizing and posting, as described below. For each error:(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.

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.

What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.