Exercise 2-22 (Algo) Identifying effects of posting errors on the trial balance LO P1 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 (debitor 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.) Description of Posting Erot 15) Difference between Debit and Credit Columns (2) Column with the Larger Total (3) Identify Accountis) Incorrectly stated (4) Amount of account over or understatement $ 180 Credit Rent Expense Rent Expense is understated by $180 a $1,750 debit to Rent Expense is pested as a $1,570 debit b.33.600 credit to Cash is posted two as two credts to Cash 651.000 debit to Prepaid Insurance is posted as a debit to Insurance Expense. a $30,626 debit to Machinery is posted as a debit to Accounts Payable e. $4,400 credit to Services Revenue is posted as a $440 credit 1 8700 debit to Store Supplies is not posted