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QUESTION 5 The following information relates to the accounts of Kody's legal business for the year ended 30 June 2019 Interest Revenue of 7,200 has
QUESTION 5 The following information relates to the accounts of Kody's legal business for the year ended 30 June 2019 Interest Revenue of 7,200 has been earned but has not been received or recorded. Rent Expense of 6,800 has accrued but has not been recorded. if no adjusting entries are made then the effect on the net profit will be: Understatement of Net Profit by 400 Overstatement of Net Profit by 400 Overstatement of Net Profit by E200 Understatement of Net Profit by E200
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