Several posting errors are identified in the following table. In column (1), enter the amount of the difference between the two trial balance columns (debit and credit) due to the error. In column (2), identify the trial balance column (debit or credit) with the larger amount if they are not equal. In column (3), identify the account(s) affected by the error. In column (4), indicate the amount by which the account(s) in column (3) is under- or overstated. Item (a) is completed as anexample.

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Diference between Debit and Credit Columns Column with the Larger Total Identify Account(s) Incorrectly Stated Amount that Account(s) Is Over- or Understated Description of Posting Error Credit $1.870 deblt to Rent Expense Is posted as a $1,780 deblt $3.560 credit to Cash is posted twice as two credits to Cash. $7,120 deblt to the Dividends account Is deblted to Common Stock $1.630 deblt to Prepaid Insurance is posted as a deblt to Insurance Expense. $3.150 deblt to Machinery is posted as a deblt to Accounts Payable. $4,460 credit to Services Revenue is posted as a $446 credit. $820 deblt to Store Supplies is not posted. $90 Rent Expense Rent Expense understated $90 a. b. C. d.