Record the entry for the rent expired during the year, $1,250. Note: Enter debits before credits. Transaction a Record entry General Journal Clear entry Debit Credit View general journal 2007

Record the entry for the rent expired during the year, $1,250. Note: Enter debits before credits. 4. Compute the amount of net income using (a) the preliminary (unadjusted) numbers and (b) the final (adjusted) numbers. Had the adjusting entrles not been recorded, would net income have been overstated or understated, and by what amount? Complete this question by entering your answers in the tabs below. Compute the amount of net income using (a) the preliminary (unadjusted) numbers and (b) the final (adjusted) numbers. 7. Compute the amount of net income using (a) the preliminary (unadjusted) numbers and (b) the final (adjusted) numbers. Had adjusting entries not been recorded, would net income have been overstated or understated, and by what amount? Complete this question by entering your answers in the tabs below