156. Listed below are accounts to use for transactions (a) through (j), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts...

156. Listed below are accounts to use for transactions (a) through (j), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box.

1.Cash

2.Accounts Receivable

3.Office Supplies

4.Land

5.Interest Receivable

6.Building

7.Accumulated Depreciation – Office Equipment

8.Depreciation Expense – Office Equipment

9.Accounts Payable

10.Interest Payable

11.Insurance Payable

12.Utilities Expense

13.Notes Payable

14.Capital Stock

15.Prepaid Insurance

16.Service Revenue

17.Retained Earnings

18.Insurance Expense

19.Utilities Payable

20.Office Supplies Expense

21.Unearned Service Revenue

22.Dividends

23.Interest Expense

157. At January 31, the end of the first
month
of the year, the usual adjusting entry transferring expired insurance to an expense account was omitted. Which items will be incorrectly stated because of the error on (a) the income statement for January and (b) the balance sheet as of January 31? Also indicate whether the items in error will be overstated or understated.