Quiz Ch 03 – Estimating the Effects of Omitted Adjusting Entries

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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Determine the effects of omitting each indicated adjusting entry by writing "O" for overstated, "U" for understated, and "NE" for no effect.

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  • Search Terms: "ne." failure "o" "u" account salaries adjustments advance accrual and assets effect bank building use but by each effect, effects equity depreciation failing following for hand earning if in income effect indicate indicated interest is liabilities effect net no not of on overstated owed paid earning received recognize record: effect revenue service stockholders' supplies table, the there to understated. write writing
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