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2. 3. Salaries and wages amounting to $12,000 for the last 2 days in December were not paid and not recorded. The next payroll
2. 3. Salaries and wages amounting to $12,000 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $9,600 was received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid. Depreciation expense for 2022 is $10,800. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). Item Net Income Total Assets Total Liabilities Stock Incorrect balances $84,000 $180,000 $84,000 Effects of: Salaries and Wages 12,000 Rent Revenue Depreciation Correct balances $ eTextbook and Media
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