Using the Table Below, Indicate the Impact of the Following

question 182

Essay

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.
$\begin{array} { | c | l | l | l | c | c | c | } \hline &{ \text { Error } } & \text { Revenues } & \text { Expenses } & \text { Assets } & \text { Liabilities } & \text { Equity } \\\hline \text { Ex. } & \begin{array} { l } \text { Did not record depreciation } \\\text { for this period }\end{array} & 0 & - & + & 0 & + \\\hline 1 . & \begin{array} { l } \text { Did not record unpaid } \\\text { telephone bill }\end{array} & & & & & \\\hline 2 . & \begin{array} { l } \text { Did not adjust unearned } \\\text { revenue account for revenue } \\\text { earned this period. }\end{array} & & & & & \\\hline 3 . & \begin{array} { l } \text { Did not adjust shop supplies } \\\text { for supplies used this period }\end{array} & & & & & \\\hline 4 . & \begin{array} { l } \text { Did not accrue employee } \\\text { salaries for this period }\end{array} & & & & & \\\hline\end{array}$
$$\begin{array} { | l | l | l | l | l | l | } \hline 5 . & \begin{array} { l } \text { Recorded rent expense owed } \\\text { with a debit to insurance } \\\text { expense and a credit to rent } \\\text { payable }\end{array} & & & & \\\hline\end{array}$$

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Definitions:

Commonalities

Characteristics or factors that are shared, similar, or held in common between two or more entities or groups.

Caring Factors

Elements that contribute to the effectiveness and quality of care in healthcare settings, including empathy, compassion, and attentive listening.

Concepts

General ideas or understandings that can be used to group together objects, symbols, events, or qualities that are similar in some way.

Patients' Perceptions

The ways in which patients understand, interpret, and make sense of their health, illness experience, and healthcare interactions.