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18 If the adjusting entry to accrue interest on a note receivable is omitted, then (5 Points) alabilities are understated, net income is overstated, and
18 If the adjusting entry to accrue interest on a note receivable is omitted, then (5 Points) alabilities are understated, net income is overstated, and shareholders equity is overstated b) assets are overstated net income is understated, and shareholders' equity is understated assets, net income and shareholders' equity are overstated. d) assets net income, and shareholders equity are understated. 19 Net sales total $730,000. Beginning and ending accounts receivable are $62,000 and $58,000, respectively. Calculate days sales in receivables (5 Points) ) 32 days d) 30 days
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