1. During the first year of its operations, Hentzel purchased supplies in the amount of \($12,000\) (debited to Supplies inventory), and of this amount, \($3,000\) were unused as of December 31 2008.

2. On March 1, 2008, Hentzel received \($18,000\) for landscaping services to be rendered for 18 months (beginning July 1, 2008). This amount was credited to Unearned landscaping revenue.
3. The company’s gasoline bill for \($2,500\) for the month of December 2008 was not received until January 15, 2009.

4. The company had borrowed \($50,000\) from Hometown Financing on April 1, 2008, at a 12%
interest rate per annum. The principal, along with all the interest, is due on April 1, 2009.
5. On January 1, 2008, the company purchased 10 lawnmowers at \($3,000\) per unit. They are expected to last for three years with no salvage value.
On December 31, 2008, Hentzel did not record any adjusting entries with respect to these transactions.
Required:
Using the following table format, show the effect of the omission of each year-end adjusting entry on the following. (Indicate both the amount and the direction of the effect.) Use OS for overstated, US for understated, and NE for no effect.

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Item Number Direction of effect Dollar amount of effect Assets Liabilities Net Income