Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applines fo the questions displayed below] Dyer, incorporated, completed its first year of operations on December 31, 2021. Because this is the

image text in transcribed
image text in transcribed
[The following information applines fo the questions displayed below] Dyer, incorporated, completed its first year of operations on December 31, 2021. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement: 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 follows: a. Wages for the last three days of December amounting to $210 were not recorded or paid: b. The $300 telephone bil for December 2021 has not been recorded or paid c. Depreciation of equipment amounting to $22,000 for 2021 was not recorded. d. Interest of $400 was not recorded on the notes payable by Dyer, Incorporated. e. The Rental Revenue account includes $3,000 of revenue to be eamed in January 2022. t Supplles costing $500 were used during 2021 , but this has not yet been recorded. 9. The income tax expense for 2021 is $6,000, but it won't actually be paid untal 2022. Journal entry worksheet 34567 Record the entry for wages for the last three days of December amounting to $210 that were not recorded or paid. Note: Enter debits before credits. [The following information applines fo the questions displayed below] Dyer, incorporated, completed its first year of operations on December 31, 2021. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement: 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 follows: a. Wages for the last three days of December amounting to $210 were not recorded or paid: b. The $300 telephone bil for December 2021 has not been recorded or paid c. Depreciation of equipment amounting to $22,000 for 2021 was not recorded. d. Interest of $400 was not recorded on the notes payable by Dyer, Incorporated. e. The Rental Revenue account includes $3,000 of revenue to be eamed in January 2022. t Supplles costing $500 were used during 2021 , but this has not yet been recorded. 9. The income tax expense for 2021 is $6,000, but it won't actually be paid untal 2022. Journal entry worksheet 34567 Record the entry for wages for the last three days of December amounting to $210 that were not recorded or paid. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accountants Guide To Fraud Detection And Control

Authors: Howard R. Davia, Patrick C. Coggins, John C. Wideman, Joseph T. Kastantin

2nd Edition

0471353787, 9780471353782

More Books

Students also viewed these Accounting questions

Question

Critique why humans fall prey to perceptual illusions.

Answered: 1 week ago

Question

design a simple performance appraisal system

Answered: 1 week ago