Assume when you reviewing your trial balance you find 2 errors.
A) the checking account balance was understated by $304.30.
B) The accounts receivable account balance is overstated by $32.33.
What do you think are the most likely causes of the 2 errors? Be specific regarding which transaction might be in error.How would you correct each of the errors? Specifically, what actions would you take so that your trial balance would show the correct balances.