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please answer and show explanation -3-10B. Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the
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-3-10B. Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Lamar Company's accountant prepared financial statements that showed the following amounts: Assets..... Stockholders' equity ..... Nel income .. 30.000 50,000 11.000 In preparing the statements, the accountant overlooked the following items: Depreciation for the month, 54,500. b. Service revenue earned but unbilled at month-end, $1.850 C Employee wages earned but unpaid at month-end, S450Step by Step Solution
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