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Accrual Adjustments Prepare the necessary adjustments for Sparky Electronics for the following items: a. Salaries for employees in the amount of $7,750 have been incurred
Accrual Adjustments Prepare the necessary adjustments for Sparky Electronics for the following items: a. Salaries for employees in the amount of $7,750 have been incurred but have not been paid. b. Interest expense of $3,720 has been incurred but not yet paid for an outstanding note. c. Work performed but not yet billed for $10,850. Note: Use negative signs with answers, when appropriate. Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Revenues Expenses = Net Income a. 0 0 0 0 0 0 b. 0 0 0 0 0 0 C. 0 0 0 0 0 0
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