For the year ending December 31, Beard Clinical Supplies Co. mistakenly omitted adjusting entries for...
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Accounting
For the year ending December 31, Beard Clinical Supplies Co. mistakenly omitted adjusting entries for (1) $7,550 of unearned revenue that was earned, (2) earned revenue that was not billed of $11,400, and (3) accrued wages of $6,420. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income.
a. Revenues were______ by $ (fill in the blank)
b. Expenses were________ by $ (fill in the blank)
c. Net income was________ by $ (fill in the blank)
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