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. Note: Select "None" if there is no effect. Description of Posting Error (1) Difference between Debit and (2) Column with the (3) Identify Account(s) Incorrectly Stated (4) Amount of account over- or understatement Credit Columns Larger Total a $2,720 debit to Rent Expense is posted as a $2.270 debit $ 450 Credit Rent Expense Rent Expense is understated by $450 b. $5,440 credit to Cash is posted twice as two credits to Cash. c. $2.570 debit to Prepaid Insurance is posted as a debit to Insurance Expense. d. $47,600 debit to Machinery is posted as a debit to Accounts Payable. e $6,340 credit to Services Revenue is posted as a $634 credit Description of Posting Error between Credit Columns Debit and with the Larger Total Identify Account(s) (4) Amount of account over- or understatement Incorrectly Stated a $2,720 debit to Rent Expense is posted as a $ 450 Credit Rent Expense Rent Expense is understated by $450 $2,270 debit b. $5,440 credit to Cash is posted twice as two credits to Cash c. $2,570 debit to Prepaid Insurance is posted as a debit to Insurance Expense. d. $47.600 debit to Machinery is posted as a debit to Accounts Payable. $6,340 credit to Services Revenue is posted as a $634 credit f. $1,760 debit to Store Supplies is not posted.