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what info do you need ? everything is in there 1. Journalize the six adjusting entries required at July 31 , based on the data
what info do you need ? everything is in there
1. Journalize the six adjusting entries required at July 31 , based on the data presented. 2. What would be the effect on the income statement if the adjustments for unbulled fees and ammand was d at the end of the year? 3. What would be the effect on the balance sheet if the adjustments for unbiled fees and accued wages were amitted at the end of the year? 4. What would be the effect on the "Net increase or docrease in cash" on the statement of cash fiows if the adjustments for unbiled fees and accried wages were omitid at the and of in Selected account balances before adjustment for Altantic Coast Realty at July 31 , the end of the curreat yoar, are as follows: Data needed for year-end adjustments are as follows: - Unbilled fees at July 31,$11,150. - Supplies on hand at July 31,$900. - Rent expired, $6,000. Data needed for year-end adjustments are as follows: - Unbilled fees at July 31,$11,150. - Supplies on hand at July 31,$900. - Pent expired, $6,000. - Depreciation of equipment during year, $8,950. - Unearned fees at July 31,$2,000. - Wages accrued but riot paid at July 31, \$4,840. Required: 1. Journalize the six adjusting entries required at duly 31 , based on the dipa presented. 2. What would be the effect on the income statement if the adjustments for unbillod foes and accrued wages were omittod at ine end of ithe year? 3. What would be the effect on the balance sheet if the adjustments for unbilled fees and accrued wages were omited at the and of ithe your? 4. What would be the effect on the "Net increase or decrease in cash" an the statement of cash flows if the adjustments for unbuled fees and accrued wages were omited at the end of the yoar Step by Step Solution
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