12. Balance sheet

Suppose that Laramie Company's adjusted trial balance ignored the following information. Indicate what effects, If any, these omissions would have on the stated components of Laramle Company's 2018 Income Statement and 12/31/18 Balance Sheet. Assume no income taxes. Additional Information 12/31/18 Assets 12/31/18 Liabilities 12/31/18 Owners' Equity 2018 Net Income $2,400 interest on a loan was not yet paid or recorded