=+Insert a zero if the error does not affect the item.

Error

(a) Error (b)

Over- Under- Over- Understated stated stated stated 1. Revenue for the year would be $ ____ $ ____ $ ____ $ ____ 2. Expenses for the year would be $ ____ $ ____ $ ____ $ ____ 3. Net income for the year would be $ ____ $ ____ $ ____ $ ____ 4. Assets at July 31 would be $ ____ $ ____ $ ____ $ ____ 5. Liabilities at July 31 would be $ ____ $ ____ $ ____ $ ____ 6. Owner’s equity at July 31 would be $ ____ $ ____ $ ____ $ ____ 6. Owner’s equity at July 31 would be$ ____ $ ____ $ ____ $ ____