a$.$ Identify the errors contained within the presented financial statements for We$-$Sell Realty. We$-$Sell Realty was organized as a corporation on August $1,20Y7,$ by the issuance of common stock of $$15,000.$ We$-$

Sell Realty is owned and operated by Omar Farah, the sole stockholder. The following statements for We$-$Sell Realty

were prepared after its first month of operations:

Expenses:

Which of the financial statement$($s$)$ display the correct heading?

Which of the financial statement$($s$)$ cover a period of time?

Balance Sheet and Income Statement $x$

What is the equation on the balance sheet?

What is the correct net income?

$

This error also affects what other account balance?

What is the correct total for the total assets?

$

What is the correct total for the liabilities?

$