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If Baker did not make the above June 30 adjusting entry for Wages owed to employees: The errors on the Income Statement for June would

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If Baker did not make the above June 30 adjusting entry for Wages owed to employees: The errors on the Income Statement for June would be: items understated: Wages Expense, Total Expenses item overstated: Net Income (A The errors on the June 30 Balance Sheet would be: items understated: Wages Payable, Total Liabilities items overstated: Retained Earnings, Total Equity The errors on the Income Statement for June would be: item understated: Net Income items overstated: Wages Expense, Total Expenses B The errors on the June 30 Balance Sheet would be: item understated: Cash items overstated: Wages Payable, Total Liabilities The errors on the Income Statement for June would be: items understated: none items overstated: Wages Expense, Total Expenses, Net Income The errors on the June 30 Balance Sheet would be: items understated: Wages Payable, Total Liabilities items overstated: Cash, Total Liabilities and Equity There would not be any errors, as no adjusting entry is required

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