=+E3-16 Effect ofomitting adjustment Obj 3 Assume that the error in Exercise 3-15 was not corrected and that the $3,900 of accrued salaries was included in the first salary payment in January 2009. Indicate which items will be erro¬

neously stated, because offailure to correct the initial error, on

(a) the income statement for January 2009 and

(b) the balance sheet as ofJanuary 31, 2009.

E3-17 Effects oferrors on financial statements