Goods Grocery reported the following comparative income statements for the Merchandis E6-24 Correctin rs ended June 30, 2019 and 2018: Learning Ob 1.2019, NI S NATURE FOODS GROCERY Income Statements Years Ended June 30, 2019 and 2018 2019 2018 Net Sales Revenue Cost of Goods Sold: $ 134,000 119,000 inning Merchandise Inventory $ 17,000 Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory 18,000 Cost of Goods Sold $14,000 67,000 81,000 17,000 78,000 95,000 Gross Profit Operating Expenses Net Income 77,000 57,000 26,000 31,000 64,000 55,000 21,000 S 34,000 During 2019, Nature Foods Grocery discovered that ending 2018 merchandise inven- tory was overstated by $5,500. Requirements
1. Prepare corrected income statements for the two years
2. State whether each year's net income-before your corrections-is understated or overstated, and indicate the amount of the understatement or overstatement. inventory

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.

Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?