Using the table below,indicate the impact of the following errors made during the adjusting entry process.Use a "+" for overstatements,a "-" for understatements,and a "0" for no effect.The first one is provided as an example.
Definitions:
Total Output
Total output is the overall quantity of goods or services produced by a company, sector, or economy within a certain period.
Labor Cost
The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes paid by an employer.
Backflow
The reverse flow of water or other substances into the pipes of a potable water supply from any source other than its intended source.
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