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The net income per books of Betty Harris Company was determined without knowledge of the errors indicated below. Year 2020 2021 2022 2023 2024 2025
The net income per books of Betty Harris Company was determined without knowledge of the errors indicated below. Year 2020 2021 2022 2023 2024 2025 Net Income per Books $51,900 53,780 55,630 57,780 59,940 61,960 Error in Ending Inventory Overstated Overstated No error Understated 11,330 Understated $3,110 Overstated 8,190 1,840 7,510 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors.
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