Golf Simulator Experts Company failed to record the following adjusting entries at December 31, the end of
Question:
Golf Simulator Experts Company failed to record the following adjusting entries at December 31, the end of its fiscal year:
(a) accrued expenses, \(\$ 1,500\);
(b) accrued revenues, \(\$ 1,700\); and
(c) amortization, \(\$ 3,000\). Did these omissions cause net income for the year to be understated or overstated, and by what overall amount?
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Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
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Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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