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Following Are Five Separate and Completely Independent Cases

Question 151

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Following are five separate and completely independent cases:
CASE A: A $700 item was excluded incorrectly from the ending inventory; the related purchase was not recorded.
CASE B: A $200 item was included incorrectly in the ending inventory; the related purchase was
recorded.
CASE C: A $900 item was included incorrectly in the ending inventory; the related purchase was not recorded.
CASE D: A $500 item was excluded incorrectly from ending inventory; the related purchase was recorded.
CASE E: The beginning inventory was Overstated $400.
Enter dollar amounts where appropriate in the following tabulation to indicate the effect on the financial statements of each of the items given above (disregard income tax). Following are five separate and completely independent cases: CASE A: A $700 item was excluded incorrectly from the ending inventory; the related purchase was not recorded. CASE B: A $200 item was included incorrectly in the ending inventory; the related purchase was recorded. CASE C: A $900 item was included incorrectly in the ending inventory; the related purchase was not recorded. CASE D: A $500 item was excluded incorrectly from ending inventory; the related purchase was recorded. CASE E: The beginning inventory was Overstated $400. Enter dollar amounts where appropriate in the following tabulation to indicate the effect on the financial statements of each of the items given above (disregard income tax).

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