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In the income statement I need one more for the expenses. In the balance sheet I need what the equity is. And the imact on

In the income statement I need one more for the expenses. In the balance sheet I need what the equity is. And the imact on income I need the whole right column. I know they are positive or negative amounts but don't know where to get these numbers from, please explain. image text in transcribed
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Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the reu earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as "record entry View transaction list View journal entry worksheet No Data Account Tide Deble Credit 1 Dec 31 2.400 Insurance expense Prepaid insurance 2,400 2 Dec 31 5,200 Teaching supplies expense Teaching supplies 5,200 Dec 31 13,200 Depreciation expense - Equipment Accumulated depreciation - Equipment 13 200 IN Dec 31 7,200 Depreciation expense - Professional library Accumulated depreciation - Professional library 7.200 Dec 31 5.000 Unearned training fees Training fees eamed 5,000 Dec 31 7.500 Accounts receivable Tuition fees eamed 7.500 IN 7 Dec 31 400 Salaries expense Salaries payable 400 8 Dec 31 3.000 Rent expense Prepaid rent 3,000 Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity BE Use the drop-downs to select the accounts properly included on the income stat balances will appear for each account, based on your selection. Adjusted Wells Technical Institute Income Statement For Year Ended December 31 Revenues Tuition fees earned Training fees eamed 131,400 45,000 0 $ 176.400 Total revenues Expenses Depreciation expense - Professional library Depreciation expense - Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense 7,200 13,200 50,400 2,400 36,000 5,200 6.000 6,400 0 0 Total expenses Net income 126,800 49,600 $ Trial Balance St Owner Equity 3: Connect HW 2 Adjusted December Assets Boch Current assets Cash Accounts receivable Teaching supplies Prepaid Insurance Prepaid rent 34,000 7.500 2.800 9,600 o 0 Hint 0 $ 53,900 erences $ 35,000 (17.200) 17.800 Total current assets Plant assets Professional library Accumulated depreciation - Professional library Professional library, net Equipment Accumulated depreciation - Equipment Equipment, net Total plant assets Total assets G 80,000 128,200) 51,800 69.500 123 500 $ Liabilities Current liabilities Accounts payable Salaries payable Unearned training fees $ 2 26.000 400 7.500 0 Total liabilities $ 33.900 Equity 89,600 Total equity Total Liabilities & Equity 89,600 123.500 St Owner Equity Impact on incom> Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on 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 Impact on nat Income Adjusted Account affecting the Adjusting entry related to: Income statement Balance Sheet a. Insurance Insurance expense Prepaid insurance b. Teaching supplies Teaching supplies expense Teaching supplies Depreciation expense c. Depreciation - equipment Accumulated depreciation - Equipment Equipment Depreciation expense - Accumulated depreciation - Professional d. Depreciation - library Professional library library e. Training fees Training fees earned Unearned training fees Tuition Tuition fees earned Accounts receivable 9. Salaries Salaries expense Salaries payable h. Rent Rent expense Prepaid rent Total impact on income due to adjustments Net income before adjustments Net Income after adjustments 0 Dan C D Odk Blanes Balne 34.000 Dec 31 ale De 51 Dec 31 7,500 7.500 Na Den CH No. Daha Cred De 31 Dec 31 Thelma 4,000 2.300 Dale Dec 31 De 31 Balance 12,000 2,800 5.200 2,400 Na DIE Cro Na Det Cred Ruta De 1 Die 1 2.000 De 1 Balance 5,000 2,000 Anna Date Debit CH Bwance De 31 10.000 De 30 7,200 17,200 man Det Ne NA Cradh Date Dec 31 Balanes 0,000 4 Pepe depan- En Debit Ched No Na Date De 31 Cred Balance 15000 28.200 Da Dec 31 Blanca 2.000 3 1200 U training D Ne Debit Credit Balance Ne Cred Da De 31 Due Date Des 31 De Bwante 12.10 7.500 40 000 Well, Debt Ne Cr Data Du 31 IWW Debil Balance 0.000 No. Credit Date Dec 31 Balance 50,000 Tunus med Dit Crud No Die CEST Balance 121.00 Training full Dube Credit Ne Date Chat 31 Dec 31 2.600 551,400 g 40.000 45,000 5.000 No Depressionary Det Det C De 31 7.200 NA Der En D Crede De 1 Dec.31 1.200 Balance 7.200 1200 Insurance Na Date D Credit Nu Bu 5.000 Debit Cred Balance Data 31 Del 900 2.4.0 Teaching Date Det D C Balance Dale Ce Regulament General Joumal danaal Leder Tral Balance Income Salamat St Owner Equy Balance Shot Impact on Theme You may view after the counted or asusted trial balance by choosing from the drop-dow box below. Your choice will determine the reported values an the financial statement tabs. Adjusted Wai Thenalina The Balance December 3, 221 Account Tua Crea Debit 34.000 7.500 2.800 9,600 35.000 17200 80.000 29 200 25,000 7 500 Cash Accounts receivable Teaching supplies prepaid insurance Professional library Accumulated depreciation - Profesional library Equipment Accumulated depreciation - Equipment Accounts payable Salaries payable Uneamed training fees T. Wells, Capital I Wels, Wiherauss Tuition famed Training foes canned Deprecien experie - Professional library Depreciation expose - Equipment salaries experts insurance expande Rent pense Teaching supplies to pense Advertising expen expense 50.000 131.400 45.000 7.200 13.2001 50.400 2.400 36.000 5.200 6.000 8.400 345.700 5 345,700 Requirement General un dental Ledger Income Sant SEO Eguby The unadjusted e adjusted balances will appear for each account, based on your selection. Adjusted Welcher Summun oldu. Equity Bar Endud Ducumber 31 T. Wals, Capital, Decamber 31 prier en und Add: Ne Le Wharewal war T. Wells, Capita December 31 current yuar end 90.000 49.500 (50,0001) 89.500 Balea Salt

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