The following table shows the effects of five transactions (a through e) on the assets liabilities and equity of Vera's Boutique (a Sole Proprietorship) Match the given transaction with its probable description Assets Liabilities Equity Accounts Payable Vera Capital Land +Revenues Accounts Office Cash + Receivable - Supplies Opening balance S 10,500 $0 - $1,500 + $ 9.500 = $ 0 $21,500 + $0 + -2,000 2,000 500 +500 950 950 - 500 d - 500 950 950 0 52 000 $ 11,500 $ Ending balance $ 8,950 - $ 0 + S 21500 + 950 Part (a through d): For each of the following statements 1. Select the appropriate choice from the "Account Status' column 2. In cases where the amount is understated or overstated, use the 'Amount column to fill in the amount by which the account or trial balance total is understated or overstated. (Leave no cells blank - be cortain to enter "o" wherever required. Input all amounts as positive values. Omit the "S" sign in your response.) All accounts in the trial balance have normal balances even after the error has occurred Statements Account Status Amount a. The debit column total of the trial balance Correctly stated 6. The credit column total of the trial balance Understated 32,200 c. The balance of the Office Equipment in the trial balance Correctly stated $ 0 d. The balance of the Accounts Payable account in the trial balance Understated 32,200 S 0 $ $ Explanation: a The dobit column is correctly stated because the erroneous debit (to Accounts Payable) is deducted from an account with a larger assumed credit balance b. The credit column is understated by $32 200 because of the error in debiting the Accounts Payablo account it should have been credited The Office Equipment account is correctly stated d. The Accounts Payable account is understated by 32 2001 It should have been increased (credited) by $16.100 but the posting error decreased (debited by S10.100