1.33 6 points Skipped eBook 01 Hint Print Required Information Exercise 7-21 (Algo) Transaction analysis-various accounts LO 4, 5, 8 [The following Information applies to the questions displayed below.] Use the following transactions. a. Wages of $814 for the last three days of the fiscal period have not been accrued. b. Interest of $110 on a bank loan has not been accrued. c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $300,000 of 8.5% bonds. d. The discount related to the bonds in part c has not been amortized for the current month. The current month amortization is $40. e. Product warranties were honored during the month; parts Inventory Items valued at $765 were sent to customers making claims, and cash refunds of $395 were also made. f. During the fiscal period, advance payments from customers totaling $1,600 were received and recorded as sales revenues. The items will not be delivered to the customers until the next fiscal period. Record the appropriate adjustment. References Exercise 7-21 (Algo) Part 1 Required: a-1. Show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the income statement by selecting the amount and indicating whether it is an addition (+) or a subtraction (-). Transaction/ Adjustment Current Assets Current Liabilities Long-Term Debt Net Income a. b. C. d. e. f.