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Accounting, pls help... need solutions... What is the total effect of the errors in the net income of Blad Firm? The bookkeeper of Blad Firm
Accounting, pls help... need solutions... What is the total effect of the errors in the net income of Blad Firm?
The bookkeeper of Blad Firm failed to recognize the following:
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Earned agency fee but not yet received, $3,000
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Unused supplies of $1,500
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Accrued expenses of $3,800
a. Net Income is overstated by $6,950.
b. No effect
c. Net income is overstated by $2,300.
d. Net income is understated by $700.
plz provide solution, ty...
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