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In recording adjusting entries, Reagan Financial Advisors failed to record the adjusting entries for the following situations: O (Click to view the adjusting entries.) Determine the effects on the income statement and balance sheet by identifying whether assets, liabilities, equity, revenue, and expenses are either overstated or understated. Use the following table. Adjustment a has been provided as an example. Begin by determining the effects for adjusting entries b. and c. and then determine the effects for adjusting entries d. and e. (Leave unused cells blank.) Balance Sheet Adjustment Income Statement Not Recorded Assets Liabilities Equity Revenue Expenses (a) Overstated Overstated Understated 0 More Info Understated Understated Understated Understated Understated (b) Overstated Understated Overstated Understated Overstated (c) ) Understated Overstated Overstated Overstated Understated (d) Office supplies on hand, $100. Understated Overstated Understated Understated Overstated (e) Accrued revenues, S5,000. c. Accrued interest expense, $250. d. Depreciation, $800. b. Unearned revenue that has been eamed, S550. e. Print Done