For the year ending February 28, 2009, Samaritan Medical Co. mistakenly omitted adjusting entries for (1) Depreciation
Question:
(1) Depreciation of $4,100,
(2) Fees earned that were not billed of $15,300, and
(3) Accrued wages of $3,750. Indicate the combined effect of the errors on
(a) Revenues,
(b) Expenses, and
(c) Net income for the year ended February 28, 2009.
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a Revenues are understat...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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