Effect of Omitting Adjustments For the year ending April 30, Beckinworth Medical Services Co. mistakenly omitted adjusting entries for (1) $6,700 of supplies that were used, (2) unearned revenue of $11,500 that was earned, and (3) Insurance of $4,200 that expired. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended April 30. (a) Revenues (b) Expenses (c) Net income understated v understated understated 1000