You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifically, a correctly journalized credit purchase of an automobile for $17,300 is posted from the journal to the ledger with a $17,300 debit to Automobiles and another $17,300 debit to Accounts Payable. The Automobiles account has a debit balance of $41,001 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement.

1.

Select the appropriate choice from the 'Account Status' column understated, overstated, or correctly stated

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. a) the debit column total of the trial balance b) the credit column total of the trial balance c) the balance of the office equipment account in the trial balance d) the balance of the accounts payable account in the trial balance

e) If the debit column total of the trial balance is $363,300 before correcting the error, what is the total of the credit column before correction?