5 points Save Answer QUESTION 7 Following are errors Identified by Dinkins Corporation after closing its books at the end of 2017. Dinkins failed to accrue interest of $8,000 on a note receivable. At the beginning of 2018, when the company received the cash, it was recorded as interest revenue. Required: What would be the effect of each error on the income statement and the balance sheet for 2017 financial statements for Dinkins Corporation 3 marks) b. Prepare any journal entry Dinkins Corporation should record in 2018 to correct the errors. (2 marks) 3(121TE