Felix Company normally adjusts its books monthly. The company's accountant made some recording errors in July $2023$ below:

$(1)$ On $1$ July $2023,$ the Company borrowed a six$-$month $8\%$ bank loan of $$120,000.$ The entire loan and accrued interest is due on $31$ December $2023.$ None of the interest accrued is recorded.

$(2)$ On $31$ July $2023,$ the Company received $$10,000$ in advance for a one$-$year rental contract. It was credited to account "Rental revenue".

$(3)$ On $31$ July $2023,$ the Director of the Company declared a dividend of $$50,000$ payable in September $2023.$ The transaction is not recorded.

$(4)$ On $1$ July $2023,$ the Company purchased a $$72,000$ equipment by cash and debited to account "Repair expense" by mistake. The equipment has a useful life of $60$ months using straight$-$line method for depreciation.

$(5)$ In July, the Company paid ABC Travel Ltd$.$ $$80,000,$ being fees for a tour joined by Felix, the owner and his family members. It was debited to account "Travel expense".

Required:

Copy the table on your answer sheet. Transactions $(1)$ to $(5)$ above are independent events. Assume other than the entries mentioned in the question were recorded, no other adjusting entries were made by the end of July $2023.$ Indicate the effects of such error have on Felix's book as at $31$ July $2023,$ if any. State $O=$ overstated $($with $ amount$),U=$ understated $($with $ amount$)$ and $NE=$ no effect

For example: There is a $$500$ accrued and unrecorded fees earned by Felix Company in July $2023.$ If no adjusting entry is made in July, the effect on the book is:

Revenue,Expenses,Profit,Assets,Liabilities,Equity$]$