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Problem (1): A company issued financial statements for the year ended December 31, but failed to include the following adjusting entries: A. Accrued service fees

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Problem (1): A company issued financial statements for the year ended December 31, but failed to include the following adjusting entries: A. Accrued service fees earned of $2,200. B. Depreciation expense of $8,000. C. Portion of office supplies (an asset) used $3,100. D. Accrued salaries of $5,200. E. Revenues of $7,200, originally recorded as unearned, have been earned by the end of the year. Detern mine the the following table: ect amounts for the December 31 financial statements by completing Assets Liabilities Equity Net Income Reported amounts . ...-. . . . . . $3 50,000 $200,000 $150.000 $70,000 Add ( subtract) to correct for item: A. B D. E S Corrected amounts ....... S $

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