in making adjusting entries at the end of its accounting period, Chao Consulting mistakenly forgot to record: 1.54,900 of insurance coverage that had explred (this $4,900 cost had been initially debited to the Prepaid Insurance account 2.2.850 of accrued salaries expense As a result of these two oversights, the financial statements for the reporting period will Multiple Choice Undertests by $4,900 Overtimbitosty 52850 Unboy 52.850