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7 Adjusting journal entry errors LO2, 3 Natalie, a first-year intern at an investment bank, believes that she may have made errors in her adjusting
7 Adjusting journal entry errors LO2, 3 Natalie, a first-year intern at an investment bank, believes that she may have made errors in her adjusting entries. She has asked you for advice and reveals the following accounting records: a Depreciation expense on a car was not recorded. b Revenue was recorded for the current year when the job will be completed next year. c Commission from customer service operators has been overlooked REQUIRED Determine the likely accounts that are affected by each error and whether those accounts are understated or overstated as a result of the error
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