Just wanted to help my fellow classmates by posting the correct answers to a major project. This is question #1: the journal entries and the impact on income. I hope this can be posted. Thank you.

statement tab.(Hint: Select unadjusted on the drop-down.) 55 points Adjusted Account affecting the: Impact on Adjusting entry related to: Income Statement Balance Sheet net income a) Rent Rent expense Prepaid rent $ (750) b) Insurance Insurance expense Prepaid insurance (200) c) Office supplies Office supplies expense Office supplies (3,000) d) Depreciation Depreciation expense - Office Accumulated depreciation - Office equipment equipment 1 (500) e) Unbilled fees Services revenue Accounts receivable 1,800 f) Unpaid wages Wages expense Wages payable op (2,600) Total impact on income due to adjustments $ (5,250) Net income before adjustments 12,455 Net income after adjustments $ 7,205 Had the adjustments not been prepared, income would have been overstated by 72.9% Account Title Credit _No 1 Date Apr 30 Debit 750 1 Rent expense Prepaid rent 750/ 55 points Apr 30 200 0 Insurance expense Prepaid insurance _200 Apr 30 3,000 0 Office supplies expense Office supplies _3,0000 Apr 30 500 v Depreciation expense - Office equipment Accumulated depreciation - Office equipment 500 0 Apr 30 1,800 0 Accounts receivable Services revenue 1,800/ Apr 30 2,600 0 Wages expense Wages payable 2,6000