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Finish attempt. Quetion 3 Nat complete Marked out of 4.00 Rag question Analysis of the Impact of Adjustments on Financial Statements At the end of
Finish attempt. Quetion 3 Nat complete Marked out of 4.00 Rag question 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 560,000 Liabilites 20.000 Stockholders tquity 40.000 Net income 9000 In preparing the statements, the accountant overlooked the following items a Depreciation for the month s250 b. Service revenue earned but unbiled at month end 1.5000 cEmployee wages eamed but unpaid at month-end 375 Determine the correct amounts of assets, labilities and stockholders' equity at month-end and net income for the monh Assets Liabilitiesa Stockholders Equity Net Incomer Check O Previous Save Answers Rae hes DaineILbalaber ARi ReseredTec.otsBoaabeay amBacy Finish attempt .- Question 3 Not complete Marked out of 4.00 P Flag question Analysis of the Impact of Adjustments on Financial Statements At the end of the first month 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 Liabilities Stockholders' Equity Net Income Assets $ S Check Save Answers G Previous 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. Assets Liabilities Stockholders' Equity Net Income $ Check O Previous Save Answers
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