eflook Calculator Adjusting Entries and Errors At the end of August, the first month of operations, the following selected data were taken from the financial statements of Tucker Jacobs, an attorney: Net income for August $179,900 Total assets at August 31 988,000 Total abilities at August 31 326,000 Total owner's equity at August 31 662,000 In preparing the financial statements, adjustments for the following data were overlooked: Unbilled fees earned at August 31, $6,040. Depreciation of equipment for August, $2,700. Accrued wages at August 31, $1,930. Supplies used during August, $1,690. Required: 1. Journalize the entries to record the omitted adjustments. Aug. 31 31 31 2. Determine the correct amount of net income for August and the total assets, liabilities, and owner's equity at August 31. In addition to indicating the corrected amounts, indicate the effect of ea columnar table below. Use the minus sign to indicate decreases. If an effect is zero, enter "0". Adjustment (a) is presented as an example. Tucker Jacobs Check My Work All work saved. 1. Journalize the entries to record the omitted stats Aug 31 31 31 31 2. Determine the correct amount of net income for August and the total assets, Babies, and owner's guilty at August 31. In addition to indicating the corrected amounts, indicate the effect of eachmitted adjustment by completing the columnar table below. Use the mission to indicate decrease of an effect is zero, enter "o". Adjustment (a) is presented as an emple Tucker Jacobs For the Month of 31 Net Income Total Assets Totales + Total Owner's Equity Reported amounts $179.900 5968,000 $325,000 $662,000 Corrections Unbled fee earned -6,040 -6,040 6,040 Equipment depreciation Accrued wages Supplies used Corrected amounts 100 Cedy Work Previoun Sunt for Grading TV AWD 4 IN 16