Effect of omitting adjustments Obj. 5 For the year ending April 30, Urology Medical Services Co. mistakenly

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Effect of omitting adjustments Obj. 5 For the year ending April 30, Urology Medical Services Co. mistakenly omitted adjusting entries for (1) $1,400 of supplies that were used, (2) unearned revenue of $6,600 that was earned, and

(3) insurance of $9,000 that expired. Indicate the combined effect of the errors on

(a) revenues,

(b) expenses, and

(c) net income for the year ended April 30.

AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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