Failure to record the adjustment to recognize the used portion of prepaid expenses: Select one: O a. Understates Liabilities O b. Understates Revenue O c. Overstates Expenses Od. Understates Assets O e. Overstates Assets The following items appeared on the January 31 bank reconciliations for Gower Company: Bank Service Charge: $8 NSF Check: $40 Outstanding Checks: $30 Deposit in Transit: $80 Error: Deposit by Gower for $404 was correctly recorded by Gower, but recorded for $440 by the bank. Bank collection of Note Receivable for Gower: $170 The unadjusted balance per the January 31 books is $1,000. The adjusted cash balance for the January 31 balance sheet is: Select one: O a. $952 O b. $1,014 O c. $1,136 O d. $1,122 O e. $1,086 The following items appeared on the January 31 bank reconciliations for Shelly Company: Outstanding Checks: $100 NSF Check: $6 Bank Service Charge: $8 Deposit in Transit: $80 Error. Deposit by Shelly for $476 was correctly recorded by Shelly, but recorded for $440 by the bank. Bank collection of Note Receivable for Shelly: $170 The unadjusted January 31 bank statement balance is $1,000. The adjusted cash balance for the January 31 balance sheet is: Oa. $944 O b. $1,016 O c. $1,122 O d. $980 O e. $1,156 Clear my choice