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Please help solve the impact on net income! ill jus b. An 'invntoty Oli e. On November 1, P T!' agree fee of $3,200, and
Please help solve the impact on net income!
ill jus b. An 'invntoty Oli e. On November 1, P T!' agree fee of $3,200, and the COent paid efi St i Fees account was credited. f. On October 15, PTI agreed to teach on the class. At December 31, $3,400 bf!he Liltibl/ g. PTCs two employees are paid weekly. IAS Olth nd each employee h. The balance in the Prepaid Rent accOunt represe S r Hue y tuition directly to the school PTI latil General Requirement Journal General Lncbm Trial Balance Statfme Ledger For each adjustment, indicate the income statement and income. If an adjustment caused net income to decrease, eht adjustments can be found on the income statement tab. (Hin S lie Sheef Impact On -income ected, and the impacton net e Net income before drop-down.) Show Jessa Adjusted Adjusting entry related to: a. Insurance b. "Teaching supplies c. Depreciation equipment d. Depreciation library e. Training fees f. Tuition g- Salaries h. Rent Net income before adjustments I Net income after adjustments Account affeq Income statement nsurance expense eaching supplies expense eprpciation expense E ui ment epreciatjon expense Professional libra raining fees earned uition fees earned Salaries expense ent expense/" ill Prepaid insuranee eaching supplies Acequot9)regeiO ble $alneoayablr
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