The following are three independent and unrelated errors. For each error, determine the effect on the income statement and balance sheet in the 2014 financial statements and prepare any journal entries each company should record to correct the errors. Please make sure your final answer(s) are accurate to the nearest whole number. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). a) At the end of 2014 JenStar failed to accrue interest of $11,000 on a note receivable. At the beginning of 2015, when the company received the cash, it was recorded as interest income. On February 1, 2015, the error was noticed and an adjusting entry was made. Effect on income statement: (Select One) Net income is (Select one) Effect on balance sheet: (Select One) Retained earnings is (Select one) General Journal Account/Explanation Page 1 PR Debit Credit Date + = b) On December 31, 2014, JenCo failed to accrue office supplies expense of $600. In January 2015, when it received the bill from its supplier, JenCo made the following (erroneous) entry: Office supplies expense 600 Cash 600 On February 1, 2015, JenCo noticed the error and made an adjusting entry. Effect on income statement: (Select One) Net income is (Select one) Effect on balance sheet: (Select One) Retained earnings is (Select one) General Journal Account/Explanation Page G1 PR Debit Credit Date c) On the last day of 2014, WestCo received a $100,000 prepayment from a tenant for 2015 rent of a building. WestCo recorded the receipt as rent revenue. On January 1, 2015, WestCo noticed the error and made an adjusting entry. Effect on income statement: (Select One) Net income is (Select one) Effect on balance sheet: (Select One) Retained earnings is (Select one) General Journal Account/Explanation Page 1 PR Debit Credit Date