what is the dollar amount impact of each error and the direction of the error (U,O,none for understate, overstate, no effect) would have on these financial statements.

Find: Net income, total assets, total liabilities total equity, cash flow from operations

record depreciation of 3000 at the end of the current period

recorded paymenrs of 5000 made on october 1st for two years of insurance coverage as a a debit to insurance expense made no adjusting entry at year end

recorded a three-year noninterest note receivable at face of 6,000 on May 1st. the seller can borrow funds at 8% the buyer borrows at 10%. No adjusting entry was written at year end

recorded december utility bill of 400 on january 15 when it was paid

inventory at jan 1st was 35,000, 345,000 of merchandise was purchased during the year. At year end the physical inventory count came to 44,000. However, inventory actually totalled 33,000 on a different site storage unit.