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option 5: overstate net income by $38,000 The GameStop location in Madison, WI makes month-end adjusting entries. Gamestop forgot to make an adjusting entry for

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option 5: overstate net income by $38,000
The GameStop location in Madison, WI makes month-end adjusting entries. Gamestop forgot to make an adjusting entry for accrued and unpaid employee of $38,000 on February 28 . This mistake would Muitiple Chose Owerstate assets by $38000 Have no effect on net income. Understate assits by $38000 Understate net income by $38,000

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