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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
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 credilt) 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 an example. (Select "None" If there is no effect.) of Posting Error Debit and Credit the Larger dentify Accounts Identify Account(s) Amount That Account(s) Over-or Understated al$1,260 debit to Rent Expense is posted as a $1,620 debit 360 Credit Rent Expense Rent Expense is understated by $360 $2,520 credit to Cash is posted twice as two credits to Cash $5,040 debit to the Withdrawals account is debited to Common Stock $1,110 debit to Prepaid Insurance is d. posted as a debit to Insurance e$22,050 debit to Machinery is posted as a debit to Accounts Payable $3,420 credit to Services Revenue is posted as a $342 credt
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