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Please help filling out the income statement, balance sheet, and effect on income For each adjustment, indicate the income statement and balance sheet account affected,
Please help filling out the income statement, balance sheet, and effect 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 lessA Unadjusted Account affecting the Impact on net income Adjusting entry related to: Income statement Balance Sheet a. Insurance b. Teaching supplies c. Depreciation equipment d. Depreciation - library e. Training fees f. Tuition g. Salaries h. Rent nsurance expense eaching supplies expense ccumulated depreciation- epaid insurance eaching supplies Equipment Equipment cc umul ated depreciation - Professional library Professional libra nearned training fees raining fees earned laries payable epaid rent alaries expense ent expense Total impact on income due to adjustments Net income before adjustments Net income after adjustments 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 lessA Unadjusted Account affecting the Impact on net income Adjusting entry related to: Income statement Balance Sheet a. Insurance b. Teaching supplies c. Depreciation equipment d. Depreciation - library e. Training fees f. Tuition g. Salaries h. Rent nsurance expense eaching supplies expense ccumulated depreciation- epaid insurance eaching supplies Equipment Equipment cc umul ated depreciation - Professional library Professional libra nearned training fees raining fees earned laries payable epaid rent alaries expense ent expense Total impact on income due to adjustments Net income before adjustments Net income after adjustments
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