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Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Bradley Company's accountant prepared financial statements

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Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Bradley Company's accountant prepared financial statements that showed the following amounts: Assets $60,000 Liabilities 20,000 Stockholders' Equity 40,000 Net income 9,000 In preparing the statements, the accountant overlooked the following items: a. Depreciation for the month $850 b. Service revenue earned but unbilled at month-end. 1, 500 c. Employee wages earned but unpaid at month-end. 375 Determine the correct amounts of assets, liabilities and stockholders" equity at month-end and net Income for the month

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