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Please help me to find the answers that are incorrect for interest payable, interest expense, unearned revenue, and rent revenue. Indow shows what is correct
Please help me to find the answers that are incorrect for interest payable, interest expense, unearned revenue, and rent revenue.
Indow shows what is correct and incorrect for the work you have completed so fa all of the work you have done so far is correct, you may not have completed everything value .00 points PB10-1 Determining Financlal Effects of Transactions Affecting Current Llabilities with Evaluation of Effects on the Debt-to-Assets Ratlo [LO 10-2, LO 10-5] Tiger Company completed the following transactions. The annual accounting period ends December 31. Jan. 3 Purchased merchandise on account at a cost of $31,000. (Assume a perpetual inventory system.) Jan, 27 Paid for the January 3 purchase Apr. 1 Received S87,000 from Atlantic Bank after signing a 12-month, 6.0 percent promissory note June 13 Purchased merchandise on account at a cost of $9.400 July 25 Paid for the June 13 purchase Aug. 1 Rented out a small office in a building owned by Tiger Company and collected eight months' rent Dec. 31 Determined wages of $19,000 were earned but not yet paid on December 31 (ignore payroll in advance amounting to $9,400. (Use an account called Unearned Rent Revenue.) Dec. 31 Dec. 31 taxes) Adjusted the accounts at year-end, relating to interest Adjusted the accounts at year-end, relating to rent Required: 1. For each listed transaction and related adusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.) Answer is complete but not entirely correct Liabilities Stackholders Equ
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