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BE.03.08.ALGO.docx - Effect of Omitting Adjustments For the...

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Effect of Omitting AdjustmentsFor the year ending April 30, Peck Medical Services Co. mistakenly omitted adjusting entries for (1)$6,000 of supplies that were used, (2) unearned revenue of $11,100 that was earned, and (3) insurance
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Term
Winter
Professor
N/A
Tags
Revenue, Net Income, 5 000, 6 000, 11 100, Peck Medical Services Co

Unformatted text preview: of $5,000 that expired. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended April 30....
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