Question: There are two errors in the following trial balance: (1) One account has been placed in the wrong column, and (2) There is a transposition

There are two errors in the following trial balance:
(1) One account has been placed in the wrong column, and
(2) There is a transposition error in the balance of the L. Bourque, Capital account. Explain the two errors.

BOURQUE COMPANY Trial Balance December 31, 2014 Debit Credit Cash Accounts receivable Prepaid insurance Accounts payable Unearned revenue L. Bourque, capital L. Bourque, drawings Service revenue Rent Salaries $15,000 1,800 $ 3,500 2,000 2,200 15,400 4,900 27,500 2,400 18,600 $42,700 Totals $50,600

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