2. Ind the effect of each error and the amount of (that the the icate between the entry that was was not made and the entry that should have been and Use the overstates the item, Uif the to NE if there is no effect. (Reminder Assets understates the item, Equity; Retained Expenses Liabilities Earnings, a part of and Net Income accounts are closed Stockholders' Balance Sheet Transac Income Statement tion Assets Liabilities SE Revenues Expenses