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Assume that a firm reports net income of $85,000 prior to making adjusting entries for the following items: expired rent, $6,500; depreciation expense, $7,700; and
Assume that a firm reports net income of $85,000 prior to making adjusting entries for the following items: expired rent, $6,500; depreciation expense, $7,700; and supplies used, $3,100. Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income
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