State the effect that each of the following independent situations would have on the amount of annual

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State the effect that each of the following independent situations would have on the amount of annual net income reported for 2012 and 2013.

a. No adjustment was made for accrued salaries of $8,000 as of December 31, 2012.

b. The collection of $5,000 for services yet unperformed as of December 31, 2012, was credited to a revenue account and not adjusted. The services are performed in 2013.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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Question Posted: Jul 01, 2024 11:01 AM

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State the effect that each of the following independent situations would have on the amount of annual

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Financial Accounting A Business Perspective

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