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

question 307

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.

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Definitions:

Residual Dividend Policy

A strategy where a company pays dividends to its shareholders only after all its investment and operational costs are met.

Dividend Payout Ratio

The percentage of a company's earnings paid to shareholders in dividends.

Liquidating Dividend

A type of dividend paid by a corporation to its shareholders during its liquidation, distributing the remaining assets among the shareholders.