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Effect of Omitting Adjustments For the year ending April 30, Peck Medical Services Co. mistakenly omitted adjusting entries for (1) $6,100 of supplies that were
Effect of Omitting Adjustments For the year ending April 30, Peck Medical Services Co. mistakenly omitted adjusting entries for (1) $6,100 of supplies that were used, (2) unearned revenue of $11,000 that was earned, and (3) insurance of $4,400 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 $fill in the blank 2 (b) Expenses $fill in the blank 4 (c) Net income $fill in the blank 6
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