Question: How do I answer that graph? I inputted the expenses list but I can't figure out the numbers Thank you! 2. Prepare, in proper form,
How do I answer that graph? I inputted the expenses list but I can't figure out the numbers
Thank you!


2. Prepare, in proper form, an adjusted income statement for 2017. DYER, INC. Income Statement For the Year Ended December 31, 2017 Rent revenue Expenses: Salaries and wages Repairs and maintenance expense Rent expense Utilities expense Travel expense Office expenses Depreciation expense Interest expense Supplies expense 0 Total expenses Income before Income tax expense 0 Income tax expense Net income 2. On December 31, 2017, Dyer Inc. completed its first year of operations. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement: $ 132,000 25 points Income Statement, 2017 Rental Revenue Expenses : Salaries and Wages Expense $ 31,500 Maintenance Expense 15,800 Rent Expense 14,400 Utilities Expense 6,400 Gas and Oil Expense 3,600 Other Expenses 1,300 Total Expenses 72,280 Income $ 59,800 You are an independent CPA hired by the company to audit the firm's accounting systems and financial statements. In your audit, you developed additional data as follows: a. Wages for the last three days of December amounting to $370 were not recorded or paid. b. The $490 telephone bill for December 2017 has not been recorded or paid. c. Depreciation on rental autos, amounting to $23,600 for 2017, was not recorded. d. Interest of $800 was not recorded on the note payable by Dyer Inc. e. The Rental revenue account includes $4,240 of revenue to be earned in January 2018. f. Maintenance supplies costing $720 were used during 2017, but this has not yet been recorded. g. The income tax expense for 2017 is $8,800, but it won't actually be paid until 2018. Required: 1. Prepare adjusting journal entry for each item (a) through (g) should be recorded at December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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