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

question 20

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 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.
$\begin{array}{|c|c|c|c|c|c|}\hline \text { Error } & \text { Revenues } & \text { Expenses } & \text { Assets } & \text { Liabilites } & \text { Equity } \\\hline \text { Ex. } & -\$ 600 & 0 & 0 & \$ 600 & -\$ 600 \\\hline 1 . & & & & & \\\hline 2 . & & & & & \\\hline 3 . & & & & & \\\hline\end{array}$

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Definitions:

Brake Pedal

The pedal in a vehicle that operates the brake system to slow down or stop the vehicle.

Regenerative Braking

A method of braking in which energy is recovered and converted into electrical energy, which can then be stored and used later, often found in hybrid and electric vehicles.

Kinetic Energy

The energy an object possesses due to its motion, which is dependent on the mass and the square of its velocity.

Pressure Differential Valve

A valve used in hydraulic systems to maintain a consistent pressure difference between two points, crucial in braking systems for safety.