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 salaries expense of $1,200.
2. Forgot to record $2,700 of depreciation on office equipment.
3. Failed to accrue $300 of interest on a note receivable.
Definitions:
Reproductive Cell Division
A biological process, such as meiosis, through which cells divide to produce gametes for sexual reproduction.
Nerve Tissue Cells
Cells that make up the nervous tissue, including neurons and glial cells, responsible for transmitting and processing information in the body.
Tissue Types
The four basic types of tissue in the body, including epithelial, connective, muscle, and nervous tissues.
Organs
Structures made of different tissues that perform specific functions within an organism.
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