Question: Data from July, Journalize adjusting entries Requirements 1. Journalize the adjusting entries needed on July 31,2024. 2. Suppose the adjustments made in Requirement 1 were

Data from July, Journalize adjusting entries

Requirements 1. Journalize the adjusting entries needed on July 31,2024. 2. Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments. More info a. Depreciation, $100. b. Prepaid rent expires, $200. c. Interest expense accrued, $700. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $10,000. e. Unearned revenue earned, $1,400. f. Office supplies used, $450

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