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Explain the effect on net income, total assets, total liabilities, and shareholders' equity if the following adjustments are incorrectly missed by the accountants: a. a.Utilities

Explain the effect on net income, total assets, total liabilities, and shareholders' equity if the following adjustments are incorrectly missed by the accountants: a.

a.Utilities expense incurred but not yet paid, $350.

b.Supplies used during the current period, $650.

c.Service revenue earned, but not yet collected, $4,500.

d.Unearned revenue earned during the period, $900.

e.Depreciation on equipment, $2,600.

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