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Given the Table Below,indicate the Impact of the Following Errors

question 139

Essay

Given the table below,indicate the impact of the following errors made during the adjusting entry process.Use a "+" followed by the amount for overstatements,a "-" followed by the amount for understatements,and a "0" for no effect.The first one is done as an example.
Ex.Failed to recognize that $600 of unearned revenues,previously recorded as liabilities,had been earned by year-end.
1.Failed to accrue interest expense of $200.
2.Forgot to record $7,700 of depreciation on machinery.
3.Failed to accrue $1,300 of revenue earned but not collected. Given the table below,indicate the impact of the following errors made during the adjusting entry process.Use a  +  followed by the amount for overstatements,a  -  followed by the amount for understatements,and a  0  for no effect.The first one is done as an example. Ex.Failed to recognize that $600 of unearned revenues,previously recorded as liabilities,had been earned by year-end. 1.Failed to accrue interest expense of $200. 2.Forgot to record $7,700 of depreciation on machinery. 3.Failed to accrue $1,300 of revenue earned but not collected.


Definitions:

Chinese Consolidated Benevolent Association

An organization founded by Chinese immigrants in various American cities as a mutual aid society, often acting as a de facto government within Chinese communities.

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Refers to the social structure, cultural norms, and community practices within the United States.

English-language Classes

Educational courses designed to teach English to non-native speakers to improve their communication and comprehension skills.

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Communities of individuals who come together for worship, fellowship, and service within the Christian faith.

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