{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T13:18:42-04:00", "answer_date": "2024-05-29 13:18:42", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1887626", "url": "\/study-help\/questions\/on-december-31-2025-riverbed-company-prepared-an-income-statement-1887626", "question_creation_date_js": "2024-05-29T13:18:42-04:00", "question_creation_date": "May 29, 2024 01:18 PM", "meta_title": "[Solved] On December 31, 2025, Riverbed Company pr | SolutionInn", "meta_description": "Answer of - On December 31, 2025, Riverbed Company prepared an income statement and balance sheet, but failed to take into account | SolutionInn", "meta_keywords": "december,31,2025,riverbed,company,prepared,income,statement,balance,sheet,failed,account", "question_title_h1": " On December 31, 2025, Riverbed Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance", "question_title": " On December 31, 2025, Riverbed Company prepared an income statement and", "question_title_for_js_snippet": "On December 31, 2025, Riverbed Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries The balance sheet showed total assets $162 000, total liabilities $75,600, and stockholders' equity $86,400 The incorrect income statement showed net income of $75,600 The data for the three adjusting entries were 1 2 Salaries and wages amounting to $10,800 for the last 2 days in December were not paid and not recorded The next payroll will be in January Rent payments of $8 640 was received for two months in advance on December 1 The entire amount was credited to Unearned Rent Revenue when paid 3 Depreciation expense for 2025 is $9,720 Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses) (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses e g (45))", "question_description": "\"image\"image\"image", "transcribed_text": "On December 31, 2025, Riverbed Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $162.000, total liabilities $75,600, and stockholders' equity $86,400. The incorrect income statement showed net income of $75,600. The data for the three adjusting entries were 1. 2 Salaries and wages amounting to $10,800 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $8.640 was received for two months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid. 3. Depreciation expense for 2025 is $9,720. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45))", "related_book": { "title": "Intermediate Accounting", "isbn": "324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140", "edition": "16th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/105.jpg", "uri": "\/textbooks\/intermediate-accounting-16th-edition-105", "see_more_uri": "" }, "free_related_book": { "isbn": "3031218140", "uri": "\/textbooks\/regulation-of-cryptocurrencies-and-blockchain-technologies-national-and-international-perspectives-2nd-edition-978-3031218149-259788", "name": "Regulation Of Cryptocurrencies And Blockchain Technologies National And International Perspectives", "edition": "2nd Edition" }, "question_posted": "2024-05-29 13:18:42", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/finally-reza-mentions-that-he-was-hired-into-the-cfo-229341", "description": "Finally, Reza mentions that he was hired into the CFO role on an interim basis with the possibility of being made permanent based on performance. 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