Question: Question 10 and 11. please help me find teh solution to these problems. error. Employees are owed $400 for services since the last payday in
Question 10 and 11. please help me find teh solution to these problems.

error. Employees are owed $400 for services since the last payday in June, to be paid the first week of July. No adjustment was made for this item. As a result of 4:. June net income is understated. smoowi Liabilities at June 30 are overstated. Owner's equity at June 30 is overstated. Assets at June 30 are overstated. 11. None of the above. On December 1, 2012, the stockholders of Cape Corporation invested an additional $800,000 in the Corporation and received additional shares of common stock. The effect on the accounting equation would include: Liabilities increased dmoowi Retained Earnings increased Owners' equity decreased Assets decreased. None of the above
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