e local n In recording adjusting entries, Reagan Financial Advisors failed to record the adjusting entries for the following situations: (Click to view the adjusting entries.) Determine the effects on the income statement and balance sheet by identifying whether assets, liabilities, equity, revenue, and expenses are either overstated or understated. Use the following table. Adjustment a has been provided as an example. (Leave unused input fields blank.) Balance Sheet Income Statement Learn Adjustment Not Recorded. Adjustment not recorded (a) Adjustment not recorded (b) Assets Overstated Liabilities Equity Revenue Expenses Overstated Understated dvertising for eleven i ver For Lav e expenses Adjustment not recorded (c) Adjustment not recorded (d) Adjustment not recorded (e) s on the income statement and balance sheet by identifying whether assets, liabilities, equity, revenue, and expenses stated. Use the following table Adjustment has been provided on an exemple (Leave unused input fields blank.) More info - X t Recorded a. Office supplies on hand, $100. b. Accrued revenues, $5,000. ecorded (a) c. Accrued interest expense, $250. ecorded (b) d. Depreciation, $800. ecorded (c) recorded (d) recorded (e) e. Unearned revenue that has been earned, $550. Print Done