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! Required information Exercise 2-23 (Algo) Analyzing a trial balance error LO P1 [The following information applies to the questions displayed below.] You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifically, a correctly journalized credit purchase of an automobile for $18,700 is posted from the journal to the ledger with an $18,700 debit to Automobiles and another $18,700 debit to Accounts Payable. The Automobiles account has a debit balance of $44,319 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement. Exercise 2-23 (Algo) Part (a through d) Part (a through d): For each of the following statements: 1. Select the appropriate choice from the Account Status' column. 2. In cases where the amount is understated or overstated, use the 'Amount' column to fill in the amount by which the account or trial balance total is understated or overstated. (Enter the amounts understated with a minus sign.) Statements Account Status Amount Overstated a. The debit column total of the trial balance b. The credit column total of the trial balance c. The balance of the automobiles account in the trial balance d. The balance of the accounts payable account the trial balance Understated Correctly stated Understated