Question: Because the bookkeeper did not record either of the adjusting entries associated with Transactions A and B (from the information in Q1 and Q2) on

Because the bookkeeper did not record either of the adjusting entries

Because the bookkeeper did not record either of the adjusting entries associated with Transactions A and B (from the information in Q1 and Q2) on December 31, 2019, determine the cumulative effect of all errors on assets, liabilities, and equity, at December 31, 2019. Answer Format: Use O for overstated, U for understated, and NE for No Effect. Do not space between the O/U/NE and the dollar amount of the error. (Example: If Assets are Over by $2,000, record your answer as 02000) Equity Liabilities Net Income Assets

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