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10 of 10 View Policies Current Attempt in Progress -/13 On December 31, 2022, Blossom Company prepared an income statement and balance sheet, but failed
10 of 10 View Policies Current Attempt in Progress -/13 On December 31, 2022, Blossom Company prepared an income statement and balance sheet, but failed to take into account three adjustments. The balance sheet showed total assets $183,000, total liabilities $85,400, and stockholders' equity $97,600. The incorrect income statement showed net income of $85,400. The data for the three adjustments were: 1. 2 Salaries and wages amounting to $12,200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $9,760 were received for two months in advance on December 1. The entire amount was recorded as Unearned Rent Revenue when received. 3. Depreciation expense for 2022 is $10,980. Complete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Net Income $85,400 Total Assets Total Liabilities Stockholders' Equity $183,000 $85,400 $97,600 Question 10 of 10 < Unearned Rent Revenue when received. 3. Depreciation expense for 2022 is $10,980. -/13 E! Complete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) $ Net Income $85,400 Total Assets Total Liabilities Stockholders' Equity $183,000 $85,400 $97,600
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