Show how each of the following errors would affect trial balance agreement:
(() Equipment repairs £720 was debited to the equipment account.
(ii) £1,700 discounts allowed credited to discounts received account.
(iii) Stock at close overvalued by £2,000.
(iv) £750 commission received was debited to the sales account.
(v) Drawings £305 credited to the capital account.
(vi) Cheque paying £170 to C Charles entered in cash book but not in personal account.
(vii) Cheque £248 from L Barnes credited to L Barrett.

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Format should be as follows: Item If no effect state 'No' (i) (ii) (iii) (iv) (v) (vi) (vii) Debit side exceeds credit side by amount shown Credit side exceeds debit side by amount shown