Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show the final answer for each tab and please be organised. I need the answer in 1 hour maximum please. Not more that that.

Please show the final answer for each tab and please be organised. I need the answer in 1 hour maximum please. Not more that that.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
um! Question 2 On December 31, 2020. BB Inc made its income statement and statement of financial position, but did not make any adjusting journal entries. Prior to making any adjusting journal entries, the income statement reported net income of $50,000 and the statement of financial position reported total assets of $200,000, total liabilities of $60,000 and total shareholders' equity of $260,000 Information about the adjusting entries follows. Fill in the "Blanks below. Any deductions should be shown in parentheses (1.e., brackets). (note, provide your answer with no dollar signs, commas, periods or spaces. If there is no impact, write no effect) 1. Deprecation of $5000 was not recorded 2. The next payroll is in January. Salaries for December 304 and December 31" totalled $8000 and will be included on the January Payroll. 3. On November 1st $4000 was collected for services to be performed in November and December. The entire amount was recorded to unearned revenue when received. No entries have been made since November 1" Total Assets Total Liabilities Net Income Total Shareholders Equity 100000 70000 170000 Blank 4 Blank 8 Blank =12 Blank 3 Blank] Blank = 11 Incorrect Balances 50000 Adjustments Deprecation Blank =1 Salaries Blank #5 Service Revenue Blank #9 Blank = 2 Blank #6 Blank =10 Blank #11 Blank =12 Question 12 (1 point) Blank#1 Question 13 (1 point) Blank#2 Question 14 (1 point) Blank#3 Question 15 (1 point) Question 15 (1 point) ebcam Blank#4 Question 16 (1 point) Blank#5 Question 17 (1 point) Blank#6 Question 18 (1 point) Blank#7 Question 19 (1 point) Blank#8 Question 20 (1 point) Blank#9 Question 21 (1 point) Blank#10 Question 22 (1 point) Blank#11 Question 23 (1 point) Blank#12 Page 2 of 9 Next Page Previous Page

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started