At the end of the current year, Jodi Corporation's controller discovers the followin items of information:

1. saltaries are paid every firday for a 5day work week. Normal weekly payrol is 40,000. the year end falls on a tuesday this year.

2. The co. has a $20,ooo, 9 month, 12% note payable outstanding at the end of the year. The note was issued on Octover 1; the interest is due when the note is paid.

3. Examining the rent expense account, the controller finds that it includes a $4,800 advance payment for 3 months' rent. Payment was made on November 1.

4. The storeoom contains $500 of office supplies. At the beginning of the year, there were no office supplie. During a year, the company purchased $3500 of office supplies which were debited to the office supplies account

5. The compnay recieved a large order in May with a $13,000 advance payment. The advance payment was credited to the Unearned Revenue. In November, the order was delivered to the customer.

REQUIRED:

For each of the preceding items, indicate the effect on net inocme, assets, liabilities, and shareholders' equiity in the financial statments of the company for the year if the controller fails to make adjusting entry for the item.