Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 63

The CPA firm auditing Mason Street Recording Studios found that total stockholders' equity was understated and liabilities were overstated.hich of the following errors could have been the cause
a.aking the adjustment entry for depreciation expense twice.
b.ailure to record interest accrued on a note payable.
c.ailure to make the adjusting entry to record revenue that had been earned but not yet billed to clients.
d.ailure to record the earned portion of fees received in advance.