Need help answering the following accounting questions. Answers need to address the following: 1) Which financial statement affected, 2) which account affected, 3) how the account is affected (over/understatement).

For example, with Question 1:

Balance Sheet affected

Cash = Overstated

Inventory (raw materials) = Understated

Both the I/S and B/S are affected in scenarios 2, 3, 4.

\fYour answer has been saved and sent to the instructer. See Gradebook for scare details. If the entry [1) was not corrected, which financial statements [income statement or balance sheet) would be aected? What balances would be overstated or understated? LINK TD TExr Your answer has been saved and sent to the instructor. See Gradebook for scare details. If the entry [2) was not corrected, which financial statements [income statement or balance sheet) would be aected? What balances would be overstated or understated? LINK TD TEXT Z Your answer has been saved and sent to the instmctor. See Gradebook for score details. If the entry [3) was not corrected, which financial statements [income statement or balance sheet) would be affected? What balances would be overstated or understated? LINK TD TEXT IE Your answer has been saved and sent to the instructor. See Gradebook for score details. If the entry (4) was not corrected, which financial statements [income statement or balance sheet) would be affected? What balances would be overstated or understated? // Click if you would like to Show Work for this question: Qpen Show Work