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On December 31, 2017, the Bookkeeper at Thrush Corp

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On December 31, 2017, the bookkeeper at Thrush Corp.did not record special insurance costs that had been incurred (but not yet paid), related to a building that Thrush Corp.is constructing.What is the effect of the omission on accrued liabilities and retained earnings in the December 31, 2017 statement of financial position? On December 31, 2017, the bookkeeper at Thrush Corp.did not record special insurance costs that had been incurred (but not yet paid), related to a building that Thrush Corp.is constructing.What is the effect of the omission on accrued liabilities and retained earnings in the December 31, 2017 statement of financial position?

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