In recording adjusting entries, Reagan Financial Advisors failed to record the adjusting entries for the following situations.

a. Office supplies on hand, $ 100.

b. Accrued revenues, $ 5,000.

c. Accrued interest expense, $ 250.

d. Depreciation, $ 800.

e. Unearned revenue that has been earned, $ 550.

Determine the effects on the income statement and balance sheet by identifying whether assets, liabilities, equity, revenue, and expenses are either overstated or understated. Use the following table. Adjustment a has been provided as anexample.

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Balance Sheet Income Statement Adjustment Not Recorded Assets Uabilities Equity Revenue Expenses Overstated Overstated Understated