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Question 1: At the end of 2020, Castle Consulting did NOT make the adjusting entries indicated below. Indicate the effect of the error on 2020

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Question 1: At the end of 2020, Castle Consulting did NOT make the adjusting entries indicated below. Indicate the effect of the error on 2020 Net Income, Assets, Liabilities, and Owner's Equity (on December 31,2020 ). Please specify the dollar effect of the error. Use O for overstate, U for understate, and NE for no effect. Assume each error is independent of the others

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