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Please answer in exact order. Thank you in advance. 3 Posting errors are identified in the following table in column (1). enter the amount of
Please answer in exact order. Thank you in advance.
3 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 accounts affected by the error in column (4), indicate the amount by which the accounts) in column (3) is under or overstated Item(a) is completed as an example (Select "None" if there is no effect) 26.25 bor Description of Posting Line 11 12 Dilence Column between Debit and with the identity Account Credit Lamper Inconectly stated Total Columns Amount That Acecumlah Over or Understated $ 270 Credit Rent Expense Rent Expense is understated by 5270 51.960 diebit to Rent Expanse la posted as a 51.690 debit $3.920 credit to Cash la posted twice as tve credits to Cash Bence 57,340 debit to the Withdrawals account is debited to Owner's Capital 51810 debit to Prepaid rurance is posted as a deba to Insurance Expense $34.300 debit to Machinery is posted as a debt to Accounts Payable 54.820 credit to Services Revenue is posted on a 5682 credit 51.000 dehit Store Supplies is not posted Step by Step Solution
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