Question: Question 2 16.5 Points If Baker did not make the above June 30 adjusting entry for depreciation The errors on the income Statement for June

 Question 2 16.5 Points If Baker did not make the above

Question 2 16.5 Points If Baker did not make the above June 30 adjusting entry for depreciation The errors on the income Statement for June would be: items understated: Depreciation Expense, Total Expenses item overstated: Net Income The errors on the June 30 Balance sheet would be: item understated: Accumulated Depreciation Items overstated: Total Assets, Retained Earnings. Total Equity, Total Liabilities and Equity The errors on the Income Statement for June would be: item understated: Net Income items overstated: Depreciation Expense, Total Expenses The errors on the June 30 Balance Sheet would be: items understated: Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity item overstated: Accumulated Depreciation The errors on the Income Statement for june would be: Items understated: Depreciation Expense, Net Income item overstated: Total Expenses The errors on the June 30 Balance Sheet would be: items understated: Accumulated Depreciation, Total Assets, Total Liabilities and Equity items overstated: Retained Earnings, Total Equity a and b none of the above

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