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Home Team Corporation recently hired Steve Willits as its bookkeeper. Mr. Willis is somewhat inexperienced and has made numerous errors recording daily business transactions. Indicate

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Home Team Corporation recently hired Steve Willits as its bookkeeper. Mr. Willis is somewhat inexperienced and has made numerous errors recording daily business transactions. Indicate the effects of the errors describe below on each of the financial statement element shown in the column heading. Use the following symbols O for overstated U for understated and ME for no effect

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