1-if the adjustment were not made. indicate the effect on net income,assets and liabilities.(overstated,understated or N/A)

Assets Liabilities Adjustment Revenue type Expenses Net income Shareholders equity Dr. 7600 7200 4700 3600 2400 24000 6500 Accounts title Cash Accounts receivables Supplies Prepaid insurance Prepaid rent Equipment Accumulated depression-equipment Accounts payable Note payable Unearned revenue Share capital Retained earnings Dividends Service revenue Salaries expenses Utilities expenses 4400 9000 3600 20000 2500 14000 5200 300