Identify the effect that omitting each of the following items would have on the balance sheet Clear All Interest earned on a note receivable was not recorded. Assets and stockholders' equity overstated Depreciation on equipment was not recorded. Assets understated and stockholders' equity overstated No adjustment was made for supplies used up during the month Assets overstated and stockholders' equity An attorney has earned 1/2 of a retainer fee that was received and recorded last month. No adjustment was recorded for the amount earned. Assets and stockholders' equity understated Property taxes are paid annually. The estimated monthly amount for the taxes was not recorded. Liabilities and stockholders equity understated Supplies used up dung tuhe month. stockholders' equity understated An attorney has earned 1/2 of a retainer fee that was received and recorded last month. No adjustment was recorded for the amount earned Assets and stockholders' equity understated Property taxes are paid annually. The estimated monthly amount for the taxes was not recorded. Liabilities and stockholders equity understated Wages are paid every Friday for the 5-day work week. The month ended on Monday and no adjustment was recorded. Liabilities and stockholders' equity overstated Liabilities overstated and Services provided to customers on the last day of the month were not billed stockholders' equity understated A tenant paid 6 months' rent in advance when he moved ir on the first day of the month. No entry was made on the last day of the month Liabilities understated and stockholders' equity overstated