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For question 2a ( at the bottom) why yes? ( When would be no?) and show the journal entires thank so much! urnal entries, 3

For question 2a ( at the bottom) why yes? ( When would be no?) and show the journal entires
thank so much!
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urnal entries, 3 points each 3 000 fottwes onome you are Anna Con Anna Corp has 88.000 followers on Instagram 'sh e hustle for her, but she's the next leve For all questions, assume you are Anna Corp, which has a Decem respective quarters March. I prepodel 1a. Anna downloads an editing provided FotoEdit for free. By advanced subscription fee of $1200. Anna make the payment on March 1. Shen the join a side hustle for her, but she's now ready to take it to op, which has a December 31 fiscal year end (and 200/12700 Foto dit for free. By advanced futures require an annual belit Serrrie 1200 1200 a tlach Inventory towalio 1200 cash 1200 1b. Is an adjusting journal entry needed on March 31? If so, show it. If no, explain why Edat App Expense 100 Prepael Edit Senica loo Te It Anna forgets to make the adjusting journal entry what is the cffect of this omission gh the incorrectly) reported financial statements? On each line below, write Overstated, Understated, or No Elitect. Revenues to Effect Unelerstatul Overtakel & Assets V X Liabilities Owners equity_ Overstated is Effect Overstored Expenses Net income 3.28 2a. On March 28, Monday morning, Anna Corp signs an employment contract with Charlie, a professional editor, who starts working immediately. He will be paid weekly, on Fridays, at a daily rate of $400 (assume zero taxes). So his first payday will be Friday, April 1. Show all journal entries for the month of March 4.1 x tres None. Dr. nage P. Cr. cach & 4x80 = 320 pz llen. 31. ok adpang ement 3 Wage Expense 320 400/5=80 Wage fargeable 320

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