One of the other significant ways that WorldCom misstated their earnings as part of this fraud was through the capitalization of excess network capacity. Provide the journal entry that WorldCom would have recorded to capitalize this excess network capacity. In parentheses, after the account name, please identify the financial statement category (A, L, SE, R, or E) to which each account belongs. You may ignore the dollar amount component of the journal entry.

Using generic, yet descriptive, account titles provide the journal entry that WorldCom should have recorded to appropriately account for this excess network capacity. In parentheses, after the account name, please identify the financial statement category (A, L, SE, R, or E) to which each account belongs

Describe the financial statement impact the capitalization of excess network capacity had on WorldComs records in contrast to how they would have been impacted had the excess capacity been accounted for appropriately