Timelett0490 Indicate in each of the spaces provided the effect of the described toes on the ocements of a company's financial statements Alex and purchases are on Credit Assume periodicom points: 0.5181 Use the following codes O amount is overstated Us amount is understated: NE ho effect 2 A- B I 17 It! 3 Accounts Account Costa good rece Goods sold in transit stipped on destination were recorded as a cale and were included in entory Goods purchased in the shipped to sing point by a supplier conduct but we excluded from ending eventory Goods held on consignment from a consignoe were recorded as a purchase and died in eventory count