Question: eBook Question Content Area Effect of errors in physical inventory Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking

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Effect of errors in physical inventory
Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inventory on December 31,20Y1, Fonda incorrectly counted its inventory as $197,680 instead of the correct amount of $189,770.
Enter all amounts as positive numbers.
a.State the effects of the error on the December 31,20Y1, balance sheet of Fonda Motorcycle Shop.

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