Question 4 16.5 Points 1 Baker did not make the above June 30 adjusting entry for Supplies The errors on the income Statement for June would be: Item understated: Net Income items overstated: Supplies Expense, Total Expenses The errors on the June 30 Balance Sheet would be: items understated: Supplies, Total Assets, Total Liabilities and Equity items overstated: Retained Earnings, Total Equity The errors on the Income Statement for June would be: item understated: Supplies Expense items overstated: Total Expenses, Net Income The errors on the June 30 Balance Sheet would be: item understated: Supplies items overstated: Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity The errors on the income Statement for June would be: items understated: Supplies Expense, Total Expenses item overstated: Net Income The errors on the June 30 Balance Sheet would be: items understated: none items overstated: Supplies, Total Assets, Retained Earnings. Total Equity, Total Liabilities and Equity D) none of the above