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 31, Orion Realty mistakenly omitted adjusting entries for $1,500 of supplies that were used, (2) unearned revenue of $4,200 that was earned, and (3) insurance of $5,0 what is the effect of these errors on revenues, expenses, and net income?
Expenses are overstated by $6,500
Net income is overstated by $2,300
Expenses are understated by $3,50
Revenues are overstated by $4,200.
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