Required Information Exercise 7-21 (Algo) Transaction analysis-various accounts LO 4, 5, 8 [The following Information applies to the questions displayed below.] Use the following transactions. a. Wages of $836 for the last three days of the fiscal period have not been accrued. b. Interest of $120 on a bank loan has not been accrued. c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $360,000 of 8.5% bonds. d. The discount related to the bonds in part c has not been amortized for the current month. The current month amortization is $45. e. Product warrantles were honored during the month; parts Inventory Items valued at $780 were sent to customers making claims, and cash refunds of $410 were also made. f. During the fiscal period, advance payments from customers totaling $1,700 were received and recorded as sales revenues. The items will not be delivered to the customers until the next fiscal period. Record the appropriate adjustment. Exercise 7-21 (Algo) Part 1 Required: a-1. Show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the Income statement by selecting the amount and Indicating whether it is an addition (+) or a subtraction (-). Transaction/ Adjustment Current Assets Current Liabilities Long-Term Debt Net Income a. -836 -836 b. C. d. e. f