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Using the following table, indicate the effect of the seven omitted adjusting entries on the financial statement classifications listed. As a result of the omission;

Using the following table, indicate the effect of the seven omitted adjusting entries on the financial statement classifications listed. As a result of the omission; if a classification is overstated, write + in the appropriate cell, if a classification is understated, write - in the appropriate cell; and write 0 if it has no effect in the classification. Effect of Ommission Classification 2 3 4 5 6 7 Revenues Expenses Profit Assets Liabilities Owner's Equity 1. Depreciation was not recorded. 3. Accrued salaries was not recorded. 5. Unearned income was not adjusted. 7. Accrued expense was not recorded. 2. Office Supplies was not adjusted. 4. Accrued income was not recorded. 6. Prepaid rent was not adjusted

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