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Pls answers are put same as the questionThanks a lot 25.00 points Stephen Corporation recently hired Tom Waters as its new bookkeeper. Waters is very

Pls answers are put same as the questionThanks a lot image text in transcribed
25.00 points Stephen Corporation recently hired Tom Waters as its new bookkeeper. Waters is very inexperienced and has made seven recording errors during the last accounting period. The nature of each error is described in the following table. Instructions Indicate the effect of the following errors on each of the financial statement elements described in the column headings in the table. Use the following symbols: O = overstated, U = understated, and NE s no effect Total Total Total Total Error Prost Total Equity Recorded a declared but unpaid dividend by debiting dividends and crediting cash. Recorded a receipt of an account receivable as a debit to cash and a credit to fees earned e. Recorded depreciation expense twice Recorded the sale of new shares as a debit to cash and a credit to revenue Purchased equipment and debited supplies expense and credited cash. expense

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