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The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below. Year Net Income per Books Error in
The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below. Year Net Income per Books Error in Ending Inventory 2009 $69,100 Overstated $ 3,010 2010 71,430 Overstated 9,150 2011 73,910 Understated 11,650 2012 76,100 No error 2013 78,530 Understated 2,900 2014 80,560 Overstated 8,500 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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