Entries for the Following Items Were Either Omitted or Recorded $\text { Total Assets } \quad \text { Total Liabilities } \quad \text { Net Income }$

Entries for the following items were either omitted or recorded incorrectly in preparing the financial statements for Year 4.Indicate the amount and nature [understatement (U), overstatement (O), no effect (N)] of the effect of the omission on total assets, total liabilities, and net income for Year 4.Ignore income tax effects.Use the following format:
$\text { Total Assets } \quad \text { Total Liabilities } \quad \text { Net Income }$
a. The company received a payment of $4,600 from a customer for an order that the company has not yet produced. It credited the $4,600 to sales revenue.
b. The company failed to record a dividend of $5,000 that was declared but not yet paid.
c. The company repaid a loan of $5,000 to the bank. It recorded the transaction in the appropriate accounts but in the amount of $50,000. The company has accounted for all interest on the loan correctly.
d. The ending balance of finished goods inventory was incorrectly recorded at $4,000 more than its proper balance due to a mistake in taking a physical inventory.
e. The company correctly entered a stock issue of $22,000 on December 31, Year 4, in the cash account but mistakenly credited it to Bonds Payable.
f. On the basis of an incorrect report from the company's credit collection agency, specific accounts receivable of $2,700 were written off, but are actually expected to be collectible accounts. The company correctly made a provision for estimated uncollectible accounts for year 4.