1. Wages of $748 for the last three days of the fiscal period have not been accrued.
2. Interest of $80 on a bank loan has not been accrued.
3. Interest on bonds payable has not been accrued for the current month. The company has outstanding $120,000 of 8.5% bonds.
4. The discount related to the bonds in part c has not been amortized for the current month. The current month amortization is $25.
5. Product warranties were honored during the month; parts inventory items valued at $720 were sent to customers making claims, and cash refunds of $350 were also made.
6. During the fiscal period, advance payments from customers totaling $1,200 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.

a-1. Show the effect, if any, of each of the transactions or 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 or adjustment / CURRENTS ASSETS Current Liabilities Long-Term Debt

a.

b.

c.

d.

e.

f.