Question: State if it was Overstated or Understated and by how much For the year ending December 31 , Beard Clinical Supplies Co. mistakenly omitted adjusting

State if it was Overstated or Understated and by how much ForState if it was Overstated or Understated and by how much

For the year ending December 31 , Beard Clinical Supplies Co. mistakenly omitted adjusting entries for (1) $8,380 of unearned revenue that was earned, (2) earned revenue that was not billed of $11,360, and (3) accrued wages of $7,140. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income. a. Revenues were by $ b. Expenses were by $ c. Net income was by $

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