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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 27, 2016



Title: The accountant of Skyscrapers Architectural Services failed to make an adjusting entry to record ...
Post by: H3Ko on Aug 27, 2016
The accountant of Skyscrapers Architectural Services failed to make an adjusting entry to record $7,000 of depreciation expense. Which of the following statements is true?
A) The total liabilities will be overstated.
B) The total assets will be overstated.
C) The total assets will be understated.
D) The equity will be understated.


Title: Re: The accountant of Skyscrapers Architectural Services failed to make an adjusting entry to record ...
Post by: .unplugged. on Aug 27, 2016
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Title: Re: The accountant of Skyscrapers Architectural Services failed to make an adjusting entry to record ...
Post by: H3Ko on Oct 12, 2016
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right