Johnson Corporation is completing the accounting information processing cycle at the end of the fiscal year, June $30,2023.$ Johnson has provided the following trial balances as of June $30,2023$:

Required:

A$.$ Reconstruct the adjusting entries.

B$.$ What is the amount of net income?

C$.$ Calculate earnings per share $($EPS$)$ assuming $1,000$ shares of common stock are outstanding.

Req a

Reconstruct the adjusting entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the adjusting entry for services provided to customers during the year.

Note: Enter debits before credits. A$.$ Reconstruct the adjusting entries.

B$.$ What is the amount of net income?

C$.$ Calculate earnings per share $($EPS$)$ assuming $1,000$ shares of common stock are outstanding.

Reconstruct the adjusting entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the adjusting entry for insurance used during the year.

Note: Enter debits before credits. A$.$ Reconstruct the adjusting entries.

B$.$ What is the amount of net income?

C$.$ Calculate earnings per share $($EPS$)$ assuming $1,000$ shares of common stock are outstanding.

Req a

Reconstruct the adjusting entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the adjusting entry for depreciation on equipment for the $2023$ fiscal year.

Note: Enter debits before credits. A$.$ Reconstruct the adjusting entries.

B$.$ What is the amount of net income?

C$.$ Calculate earnings per share $($EPS$)$ assuming $1,000$ shares of common stock are outstanding.

Req a

Req c

Reconstruct the adjusting entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the adjusting entry for wages earned during $2023.$

Note: Enter debits before credits.