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Steve Shutt was one of the 'MYOB as Excel' assignment proprietors. He received $10 500 on 31 December of year 1 for services that he
Steve Shutt was one of the 'MYOB as Excel' assignment proprietors. He received $10 500 on 31 December of year 1 for services that he will provide to the customer over the 24 months of years 2 and 3. Steve recorded this transaction as as a debit to Cash and a credit to Services Revenue on 31 December year 1. REQUIRED: Clicking an ANSWER cell below will display a listbox with error choices. Select one or more of the ANSWER cells to identify the various financial statement errors. Year1 revenues overstated. Year 1 liabilities understated. Year1 profit overstated. Year1 owner's equity overstated. Year2 liabilities understated. Year2 revenues understated. Year2 profit understated. Year2 owner's equity understated. Year3 revenues understated. Year3 profit understated
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