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.) Answer is not complete. Description of Posting Error (1) Difference between Debit and Credit Columns (2) Column with the Larger Total (3) Identify Account(s) Incorrectly stated (4) Amount That Account(s) Over- or Understate a $ 2.260 Credit Rent Expense Rent Expense is understated by $2,260 $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 b. $ 6,500 Credit Cash Cash is understated by $6,500 c. $10.900 debit to the Dividends account is debited to Common Stock. $ 10,900 X None Common stock Common stock is understated by $10,900 d. $2,050 debit to Prepaid Insurance is posted as a debit to Insurance Expense. $ 2,050 None Prepaid insurance Prepaid insurance is understated by $2,050 e. $38,000 debit to Machinery is posted as a debit to Accounts Payable. $ 38,000 None Machinery Machinery is understated by $38,000