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Referring to the information below, indicate the income statement and balance sheet impacts in each case a through gif walker corp: falled to record the

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Referring to the information below, indicate the income statement and balance sheet impacts in each case a through gif walker corp: falled to record the necessary adjusting entry. a. Interest expense of 5270 for the month of December will be paid in january of next year. b. Unbilled revenue for services performed in December is $900. The company will prepare and forward invoices for this amount in january of next year to customers with a 30 . day collection term. C. \$2,700 cash was received in advance on November 30 for future services to be performed by walker corp, and was recorded as deferred service revenue. The services were performed on December 20. d. Waiker corp. acquired a two-year insurance policy on january 1 for $8,640 cash that was recorded initially as prepaid insurance. e. Depreciation on equipment is 510,800 for the year. - Note: Use a negatwe sign with your answers to indicate an understaternent. \begin{tabular}{l} Stockholders' equity: \\ \hline Net overstatement (understatement) \\ $ \end{tabular}

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