Assume no income taxes!! --- enter the effect each situation has one each portion of balance sheet

N= no effect

O = overstated

U= understated

	12/31/15 Book value of Total Assets	12/31/15 Total Liabilities	2015 Net Income	12/31/15 Stockholders' Equity
The company was supposed to record depreciation expense of $84,000 on Building for the year 2015, but instead recorded $48,000.
The journal entry for bad debt expense for 2015 was recorded with credit to accounts receivables instead of crediting the allowance for doubtful accounts.
Cash dividends for 2014 were declared and recorded as a liability in 2014 and paid in January 2015; but the payment was debited to retained earnings in 2015.
$10,000 of the rent revenue received in 2015 and recorded as "earned" in 2015 actually pertains to 2016.
Interest on a loan, payable during 2015, was not yet paid, and hence not recorded in the 2015 books.
Supplies purchased during 2015 for $30,000 were recorded by a debit to Supplies and a credit to Cash. About $14,000 of supplies still remained unused at the end of 2015; but no further entries were made.