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Effects of Errors on Financial Statements The accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revmon
Effects of Errors on Financial Statements The accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revmon earned during the year ($27,000) and (b) accrued wages ($7,560). If the net income for the current year had been $521,900, what would have been the correct net income if the proper adjusting entries had been made
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