Part C: Adjusting Journal Entry Errors Determine the effect of the adjusting journal entry error on revenues, expenses, net income, assets, ablities and equity as of December 31, 2013 given the following independent errors or omissions gnore income tax implications. Determine if the error Overstates, Uederstates or has No Effect on revenue, expenses, net income, assets, liabilities and equity- The baxes are available to assist you, but they will NOT be graded. Only the answer marked on the scantron will count towards your final grade 8. Failed to recond depreciation expense for the curment period. Understated Overstated Overstated Effect Overstated a No Effect Understated Understated Understated No Effect NoEffect Understated overstated overstated. Not ffect c Overstated No Efect d. No Effect Overstated Overstated Overstated N e. None of the Overstated Overstated No Effect above 9. Failed to accrue interest expense at December 31, 2013 Revenues Expenses Net Income l Assets-Liah iabilities Revenues Expenses Net Income Assets Liabilitis Equity a. No Effect Understated Overstated No Effect Undeated No Effect Understated Overstated No Effect eated Understated No Effect Overstated Understated No Effect Overstated Understated Understated No Effecet Understated No Effecet Understated Overstated None of the above