12:43 al 3G eclass bethlehem.edu Determine the impact of the following independent accounting errors on total assets, total liabilities, total equity, and net income Accounting Total Assets Total Liabilities error 41 : Depreciation of $2,500 was recorded as $5,200 Purchase of supplies on account for 3,000 was recorded as debit supplies 3000 and credit cash 3000 In advance payment of $2,000 rent, was recorded as rent expense $200 to cash $200 . The purchase of $5,000 inventory for 12:43 ul 3G1 Declass bethlehem.edu . The purchase of $5,000 inventory for cash was not recorded. The accountant recorded the annual depreciation of $5,000 as follow: Debit Depreciation Expense $50,000 and credit Equipment $50,000 The company incurred wages with an amount of $3,000 that were not recorded 12:43 il 3G1 A class bethlehem.edu Total Liabilities Total Equity Net Income . . . . 12:43 il 3G1 A eclass bethlehem.edu . . 4 0 . 41 Next page