Help Save & Exit Submit Check my work 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.) Description of Posting Error (4) Amount That Accounts) Over-or Understated (1) (2) Difference Column (3) between with the Identify Account(s) Debit and Credit Larger Incorrectly stated Total Columns $ 450 Credit Rent Expense Rent Expense is understated by $450 a $1,720 debit to Rent Expense is posted as a $1.270 debit $3,440 credit to Cash is posted twice as two credits to Cash b $6,880 debit to the Withdrawals account is debited to Owner's Capital d $1,570 debit to Prepaid Insurance is posted as a debit to insurance Expense Next 3 of 3 Debit Owner's capital Owner's capital account is understated by $6,880 Prepaid Insurance is posted irance Expense $ 0 None Insurance expense Prepaid insurance is overstated by $1,570 Machinery is posted as a 5 Payable S 30,100 X Debit x Accounts payable Accounts payable is understated by $30.100 Services Revenue is posted S 3 OR nehit Services revenite Servirne ravene i indertelt hy C 90 $4 340 credit to Services Revenue is posted as a $434 credit $ 11 3,906 Debit Services revenue Services revenue is understated by $3,805 S $760 debit to Store Supplies is not posted 760 Debit Store supplies Store supplies is understated by 5760 19