Business
Business, 02.11.2020 16:50, daphnewibranowsky

In making adjusting entries at the end of its accounting period, Chao Consulting mistakenly forgot to record: $4,100 of insurance coverage that had expired (this $4,100 cost had been initially debited to the Prepaid Insurance account). 2,450 of accrued salaries expense. As a result of these two oversights, the financial statements for the reporting period will:

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