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QUESTION 6 The bookkeeper of Lakeside Company, which has an accounting year ending December 31, made the following errors: A $1,000 Accounts Receivable collection from

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QUESTION 6 The bookkeeper of Lakeside Company, which has an accounting year ending December 31, made the following errors: A $1,000 Accounts Receivable collection from a customer was received on December 29, 2019, but not recorded until the date of its deposit in the bank, January 4, 2020. In 2018, Lakeside forgot to record depreciation of $400 on their been made. Ignore income taxes. Assume no other errors have been made and that no Total assets at December 31, 2019 were neither understated nor overstated. understated by $1,000. understated by $1,400. understated by $600. overstated by 5400

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