Solution-Effect of omitting adjustments

Effect of omitting adjustments

Reference no: EM13553330

Effect of omitting adjustments

For the year ending August 31, 2014, Mammalia Medical Co. mistakenly omitted adjusting entries for (1) depreciation of $5,800, (2) fees earned that were not billed of $44,500, and (3) accrued wages of $7,300. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended August 31, 2014.

Reference no: EM13553330

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Effect of omitting adjustments

Reference no: EM13553330

Reference no: EM13553330

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