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PLEASE ANWSER!!!! I HAVE 2 MINS LEFT!!!IM RUNNING OUT OF TIME!! PLEASE PLEASE DO IT QUICK!! THANK YOU!!! Assuming that the adjustment entry for supplies
PLEASE ANWSER!!!! I HAVE 2 MINS LEFT!!!IM RUNNING OUT OF TIME!! PLEASE PLEASE DO IT QUICK!! THANK YOU!!! Assuming that the adjustment entry for supplies was not made at the end of the fiscal period, indicate the effects on the income statement and the balance sheet for the year just ended by placing a "x" in the appropriate columns. (6 Thinking marks) Overstated Understated No effect Total Assets Total Liabilities Owner's Equity Revenue Expenses Net Income
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