A journal entry for a $400 payment for Prepaid Rent was erroneously recorded as a debit to Prepaid Rent for $100, and a credit to Cash for $400. Which of the following statements correctly states the effect of the error on the trial balance? A. The sum of the debits will exceed the sum of the credits by $100. B. The sum of the credits will exceed the sum of the debits by $300. C. The sum of the credits will exceed the sum of the debits by $100. D. The sum of the debits will exceed the sum of the credits by $300. ms ents Click to select your answer. non regulations LEILLE