A company incurred the following transactions:

a. Wages of $1,100 accrued at the end of the prior fiscal period were paid this fiscal period.

b. Real estate taxes of $3,050 applicable to the current period have not been accrued.

c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $360,000 of

8.5% bonds.

d. The premium related to the bonds in part c has not been amortized for the current month. The current-month

amortization is $60.

e. Based on past experience with its warranty program, the estimated warranty expense for the current period should be

0.2% of sales of $522,000.

f. Analysis of the company's income taxes indicates that taxes currently payable are $79,200 and that the deferred tax

liability should be increased by $29,160.

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 Net Income Current Assets -1,100 a. b. an Current Liabilities -1,100 -29,160 -29,160 -29,160 -29,160 -29,160 Long-Term Debt -29,160 -29,160 -29, 160 -29,160 -29,160 -29,160 C. -29, 160 -29, 160 -2,550 -29,160 -1,044 -108,360 d. -1,044 e. -1,100 f. -108,360 -2,550