Given the Table Below, Indicate the Impact of the Following

question 213

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.

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Definitions:

Environmental Challenges

Issues arising from changes or pressures on the natural environment that impact ecosystems, human health, and communities.

Used An Analogy

The process of explaining a concept or idea by likening it to a more familiar or simpler concept for better understanding.

Support System

A network of individuals or resources that provide assistance, comfort, and guidance.

Used An Analogy

Employing a comparison between two different things for the purpose of explanation or clarification.