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E4-18 Recording the Effects of Adjusting Entries and Reporting a Corrected Income Statement and Balance Sheet L04-1, 4-2 [The following information applies to the questions
E4-18 Recording the Effects of Adjusting Entries and Reporting a Corrected Income Statement and Balance Sheet L04-1, 4-2 [The following information applies to the questions displayed below.] On December 31, the bookkeeper for Grillo Company prepared the following income statement and balance sheet summarized here but neglected to consider three adjusting entries. Data on the three adjusting entries follow: a. Rent revenue of $2,400 earned in December of the current year was neither collected nor recorded. b. Depreciation of $4,100 on the equipment for the current year was not recorded. C. Income tax expense of $4,500 for the current year was neither paid nor recorded. References Section Break E4-18 Recording the Effects of Adjusting Entries and Reporting a Corrected Income Statement and Balance Sheet LO4-1, 4-2 E4-18 Part 1 Required: 1. Prepare the three adjusting entries that were omitted. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record rent revenue of $2,400 earned but not collected and recorded. Note: Enter debits before credits. Transaction General Journal Deblt Credit Record entry Clear entry View general journal
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