Missing Amount from an Account On August 1, the supplies account balance was $1,410. During August, supplies of $3,950 were purchased, and $1,992 of supplies were on hand as of August 31. Determine supplies expense for August. Trial Balance Errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of cash for the purchase of office equipment of $11,900 was debited to Land for $11,900 and credited to Cash for $11,900. The debit and credit totals would be equal by $ 11,900 X. b. The payment of $2,080 on account was debited to Accounts Payable for for $265 and credited to Cash for $2,080. The credit total is higher by $ 265 X. c. The receipt of cash on account of $2,100 was recorded as a debit to Cash for $7,500 and a credit to Accounts Receivable for $2,100. The credit total is higher X by $ 7,500 X. Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit. Increase Decrease Normal Balance Balance sheet accounts: Asset Credit Liability Credit Stockholders' equity: Common Stock Credit Retained Earnings Credit Dividends Debit Credit Income statement accounts: Revenue Credit Expense Credit Debit