Question: Blind River Inc recently hired Neil Young as its bookkeeper

Blind River, Inc. recently hired Neil Young as its bookkeeper. Mr. Young is somewhat inexperienced and has made numerous errors recording daily business transactions.
Indicate the effects of the errors described below on each of the financial statement elements shown in the column headings. Use the following symbols: O for overstated; U for understated; and NE for noeffect.

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  • CreatedApril 17, 2014
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