Question: I don't understand why Please explain oin Chapter 2 Analyzing and Recording Transactions You are told the column totals in a trial balance are not
oin Chapter 2 Analyzing and Recording Transactions You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifically, a correct ouralized c es i purchase of a computer for $16.950 is posted from the journal to the ledger with a $16,950 debit to Office Equipment and another $16.950 debit to Accounts Payable. The Office Equipment account has a debit balance of $40,100 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement kercise 2-21 Analyzing a trial balance error A1 P2 2 a. Is the debit column total of the trial balance overstated, understated, or correctly stated?o b. Is the credit column total of the trial balance overstated, understated, or correctly stated? c. Is the Office Equipment account balance overstated, understated, or correctly stated in the trial balance? balance? of the credit column before correction? d. Is the Accounts Payable account balance overstated, understated. or correctly stated in the trial e. If the debit column total of the trial balance is $360,000 before correcting the error, what is the total 80000-337802010
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