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Q2 (25 marks) Overstated Understated (1) (2) (3) $115 5,800 $650 1,600 (5) (6) (7) (8) (9) |(10) Office supplies (ending inventory) Depreciation expense, building

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Q2 (25 marks) Overstated Understated (1) (2) (3) $115 5,800 $650 1,600 (5) (6) (7) (8) (9) |(10) Office supplies (ending inventory) Depreciation expense, building Depreciation expense, equipment Salaries payable (end of year) Prepaid insurance (end of year) Rent expense Interest expense Property taxes expense Services Revenue Rental revenue 4,400 500 1.200 950 2,500 500 Q2 (25 marks) Overstated Understated (1) (2) (3) $115 5,800 $650 1,600 (5) (6) (7) (8) (9) |(10) Office supplies (ending inventory) Depreciation expense, building Depreciation expense, equipment Salaries payable (end of year) Prepaid insurance (end of year) Rent expense Interest expense Property taxes expense Services Revenue Rental revenue 4,400 500 1.200 950 2,500 500 Q2 (25 marks) Overstated Understated (1) (2) (3) $115 5,800 $650 1,600 (5) (6) (7) (8) (9) |(10) Office supplies (ending inventory) Depreciation expense, building Depreciation expense, equipment Salaries payable (end of year) Prepaid insurance (end of year) Rent expense Interest expense Property taxes expense Services Revenue Rental revenue 4,400 500 1.200 950 2,500 500

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