The following errors occurred in the accounting records of Lorenzo Catering for the yw ended December 1, 2013 1.Loreto Cervo received 11,000 in 2012 from a comer in townce of work to be performed. At the time of the cathecept was recorder amounts of year end son of the work has been come with the reader completed in 2013 2. Lorenzo Caterprovide services of $2.300 for one of customers in 2012, but didna not bill the mer nel 2013 Lorento Catery paid $5,000 on September 1, 2012, for one year's rere in advance at the time of the payment, the company and the preparere the full amount. No other journal entry was made with respect to this transaction 4. Lorenzo Catering failed to record per earned but unpad as of December 31, 2012, 82,000. The ages were paid and records pen 2013 Site wetter du tem has understated versate i rad no efecto 2012 ener, and ret income as well as the trend totale and bles Revenue Expenses Net income