Failure to record the adjustment to recognize depreciation: Select one: a. Understates Liabilities b. Understates Revenue c. Overstates Expenses d. Understates Assets e. Overstates Assets The following items appeared on the January 31 bank reconciliations for Gower Company: Bank Service Charge: $8 NSF Check: $40 . Outstanding Checks: $30 . Deposit in Transit: $80 .Error: Deposit by Gower for $404 was correctly recorded by Gower, but recorded for $440 by the bank. Bank collection of Note Receivable for Gower: $170 The unadjusted balance per the January 31 books is $1,000. The adjusted cash balance for the January 31 balance sheet is: Select one: a. $952 b. $1,014 c. $1,136 d. $1,122 e. $1,086