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trying to determine understatements and overstatements, please use t-accounts. 1. P ia erroneously recorded an AJE for interest on a note payable instead of the

image text in transcribed trying to determine understatements and overstatements, please use t-accounts.
1. P ia erroneously recorded an AJE for interest on a note payable instead of the correct AJE for interest on a note receivable. The interest won't be received by Alpha until next year. 8. Alpha recorded cash received in advance from a customer for services to be performed in the future as a Gebit to cash and credit to service revenue. Alpha also failed to record an AJE at year end for half the services performed. Alba

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