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Questions 6-8 igt > E4-14 Reporting an Adjusted Income Statement LO 4-2, LO 4-4. L0 4-6] The tolowing information applies to the questions displayed below.
Questions 6-8 igt > E4-14 Reporting an Adjusted Income Statement LO 4-2, LO 4-4. L0 4-6] The tolowing information applies to the questions displayed below. Dyer, Inc., completed ts first year of operations on December 31, 2015. Because this is the end of the annual accounting period, the company bookkeeper prepared the tollowing preliminary income statement: Income Statement, 2015 Rent Revenue $119,000 Salaries and Wages $29,500 Repairs and Maintenance Expense14,000 10,000 5,000 4,000 Rent Expense Utilities Expense Travel Expense Total Expenses 62,500 Income 556,500 You are an Independent CPA hired by the company to audit the firm's accounting systems and financial statements. In your audit, you developed additional data as foloWS Wages for the last three days of December amounting to $410 were not recorded or paid. b. The $500 telephone bill for December 2015 has not been recorded or paid Depreciaton of equipment amounting to $24,000 for 2015, was not recorded. d. Interest of $600 was not recorded on the note payable by Dyer, Inc. The Rental Revenue account Includes $5,000 of revenue to be earned In January 2016. Supplies costing $700 were used during 2015, but this has not yet been The Income tax expense for 2015 is $8,000, but it won't actually be paid until 2016. g. Journal entry worksheet 1 2 345 Record the entry for wages for the last three days of December amounting to $410 that were not recorded or paid. Note: Enter debits before credits. General Journal Debit Credit Transaction Record entry View general journal Clear entry Hints References eBook & Resources Hint #1 Check my work alue: 10.00 points E4-14 Part 2 2. Prepare, in proper form, an adjusted income statement for 2015 ER, I Income Statement
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