Question: Use the following code: O- amount is overstated, U- amount is understated, NE - no effect 4. Goods received from a vendor on 12/26/17, were

Use the following code: O- amount is overstated, U- amount is understated, NE - no effect

Use the following code: O- amount is overstated, U- amount is understated,

4. Goods received from a vendor on 12/26/17, were included in the 12/31/17 physical count. However, the related vendor invoice was not included in accounts payable at 12/31/17, because the accounts payable copy of the receiving report was lost. AR Inv AP NI WC

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