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Business, 18.06.2020 21:57 Savagepanda911
For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) (Negative amounts must be entered with a minus sign) Show less Adjusted Account affecting the: Impact on net income Adjusting entry related to: Income Statement Balance Sheet a) Computer supplies b) Prepaid insurance c) Accrued wages d) Depreciation - Computer equipment e) Depreciation - Office equipment f) Prepaid rent $0 Had the adjustments not been prepared, income would have been understated by 0
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For each adjustment, indicate the income statement and balance sheet account affected, and the impac...
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