c Account Debit Credit

Cash $ $100,000$

Accounts Receivable $40,000$

Prepaid Insurance $4,800$

Supplies $8,000$

Equipment $96,000$

Accumulated Depreciation$-$ Equipment $ $8,000$

Building $100,000$

Accumulated Depreciation$-$ Building $60,000$

Notes Payable $8,800$

Unearned revenue $6,000$

Share Capital$-$ Ordinary $140,000$

Dividends $4,000$

Retained Earnings $?$

Service Revenue $80,000$

Salaries expense $20,000$

Rent expense $12,000$

Advertising expense $?$

Total $ $400,000$ $ $400,000$

Other data:

$1.$ Supplies on hand at December $31$ are $$3,000.$

$2.$ The insurance policy was purchased on September $1,2023$ and is for a year.

$3.$ The equipment was purchased before $2023$ began. It has a $5-$year period with no residual value. Additionally, the building was acquired before $2023,$ it has a useful life of $45$ years and a residual value of $$10,000.$

$4.$ Salaries accrued for the month of December totaled $$3,000$ has not been recorded and will not be paid until next month.

$5.$ The note payable represents a $9-$month $15\%$ note that was signed on August $1,2023.$

$6.$ $$1,500$ of unearned service revenue is recognized for services performed at the end of December.

$7.$ Invoices representing $$5,000$ of services performed during the month have not been recorded as of December $31.$

$3.$ By how much $($in dollar amount$)$ will: assets, liabilities, revenues, expenses, net income, retained earnings, and shareholder$$s equity be overstated or understated if each of the previous adjustments $(1$ to $7)$ were not made. $(2$ marks$)$ Use the following table to put your answer:

Note: use N$/$A if there were no overstatement or understatement in the respective account.

Adjustment Assets Liabilities Revenues Expenses Net

income Retained

earnings Shareholders$$

equity

$1$

$2$

$3$

$4$

$5$

$6$

$7$

can you provide me a answer in a table $?$