Check 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 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.) (1) (2) Difference Column (3) Description of Posting Error between Debit and with the identify Account(s) incorrectly stated Amount That Account(s) Over- or Understated Credit Total Columns $ 540 Credit Rent Expense Rent Expense is understated by $540 $1,710 debt to Rent Expense is posted as a $1,170 debit $3,420 credit to Cash is posted twice as two credits to Cash $6,840 debit to the Withdrawals account is debited to Owner's Capital $1,560 debit to Prepaid Insurance is posted as a debit to Insurance Expense. 56,640 debit to the Withdrawals account is debited to Owner's Capital $1.560 debt to Prepaid Insurance is posted as a debit to Insurance Expense $29,925 debit to Machinery is posted as a debit to Accounts Parable $4320 credit to Services Revenue is posted as 5432 credit $750 debt to Store Supplies is not posted