For the year ended December 31, Orion Realty mistakenly omitted adjusting entries for $1,500 of...
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Accounting
For the year ended December Orion Realty mistakenly omitted adjusting entries for $ of supplies that were used, unearned revenue of $ that was earned, and insurance of $ what is the effect of these errors on revenues, expenses, and net income? Expenses are overstated by $ Net income is overstated by $ Expenses are understated by $ Revenues are overstated by $ All work saved.
For the year ended December Orion Realty mistakenly omitted adjusting entries for $ of supplies that were used, unearned revenue of $ that was earned, and insurance of $ what is the effect of these errors on revenues, expenses, and net income?
Expenses are overstated by $
Net income is overstated by $
Expenses are understated by $
Revenues are overstated by $
All work saved.
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