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Assume that the company failed to record any of the adjusting entries that were needed. What is the overall overstatement or understatement of net income
Assume that the company failed to record any of the adjusting entries that were needed. What is the overall overstatement or understatement of net income as a result of not recording these? Net income would be * More Info a. Depreciation, $600. b. Prepaid rent expires, $800. c. Interest expense accrued, $700. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $11,000. Unearned revenue earned, $1,500. f. Office supplies used, $100. Print Done Homework: Graded MAL HW #3 [Ch 3] Spr 2020 Save Score: 0 of 11 pts 16 of 18 (13 complete) HW Score: 45.24%, 79.62 of 176 pts Instructor-created question Question Help The following information is available for a company on July 31, 2018: (Click the icon to view the data.) Assume that the company failed to record any of the adjusting entries that were needed. What is the overall overstatement or understatement of net income as a result of not recording these? Net income would be L by $
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