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The net income per books of Nancy Jackson Company was determined without knowledge of the errors indicated below. Year 2020 2021 2022 2023 2024 2025
The net income per books of Nancy Jackson Company was determined without knowledge of the errors indicated below. Year 2020 2021 2022 2023 2024 2025 Net Income per Books $51,400 53,400 55,360 57,400 59,300 61,250 Error in Ending Inventory Overstated Overstated Understated No error Understated Overstated $2,960 8,520 10,540 2,150 7,750 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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