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In the following table, indicate the effects of failing to recognize each of the indicated adjustments by writing Over for overstated and Under for understated.

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In the following table, indicate the effects of failing to recognize each of the indicated adjustments by writing "Over" for overstated and "Under" for understated. If there is no effect, write "NE." Failure to Record: Effect on Net Income Effect on Effect on Assets Liabilities Effect on Stockholders Equity Salaries owed but not paid Use of supplies on hand 2 3 4 6 7 8

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