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I'm not sure how to figure out A) could someone maybe point me in the right direction? ourna Ledger Statement Equity income For each adjustment,
I'm not sure how to figure out A) could someone maybe point me in the right direction?
ourna Ledger Statement Equity income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Unadjusted Account affecting the: Impact on net income eBook Adjusting entry related to a) Unbilled fees b) Depreciation of office equipment c) Depreciation of drafting equipment d) Depreciation of building e) Prepaid insurance f) Accrued interest g) Unpaid wages Total impact on income due to adjustments Net income before adjustments Net income after adjustments Income Statement Balance Sheet ngineering fees earned Accounts receivable reciation expense Office Accumulated depreciation (50) ent Office e preciation expense Draftingcculated depreciation (1,200) 170) (220) Drafting equipment Accumulated depreciation equipment Depreciation expense Building nsurance expense nterest expense Buildin repaid insurance nterest payable Wages payable (720) $ (2,440) 35,960 33,520 3% ges expense Had the adjustments not been prepared, income would have been overstated byStep by Step Solution
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