you are told the column totals in trial balance are not equal. After careful analysis, you discover only one error. Specifically, a correctly journalized credit purchase pf an automobile for $19,200 is posted from the journal to the ledger with a $19,200 debit to Automobiles and another $19,200 debit Accounts Payable. The automobiles account has a debit balance of $45,504 on the trial balance. Answer each of the following questions and computer the dollar amount of any misstatement.

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.

(Enter the amounts understated with a minus sign.)

Statements Account Status Amount.

A. The debit column total of the trial balance. correctly stated

B. The credit column total of the trial balance. Understated

C. The balance of the office equipment account in the trial balance. Correctly stated

D. The balance of the accounts payable account in the trial balance. Understated

E. If the debit column total of the trial balance is $403,200 before correcting the error, what is the total of the credit column before correction?