Exercise 2.20 dentifying ettects posting errors on the tri bddn e , 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 accountS) in column (3) is under- or overstated. Item (a) is completed as an example. (Select "None" if there is no effect.) Identify Account(s) Incorrectly Stated Description of Posting Error Debit and Credit the Larger Amount That A ccount(s) Over- or Understated $3,600 debit to Rent Expense is posted as a $1,340 debit $6,500 credit to Cash is posted twice as two credits to Cash. 2,260 Credit Rent Expense Rent Expense is understated by $2,260 b. 10,900 debit to the Dividends account is debited to Common Stock $2,050 debit to Prepaid Insurance is d. posted as a debit to Insurance 000 debit to Machinery is posted as a debit to Accounts 5,850 credit to as a $585 credit 1,390 debit to s not 9