On December $31,2020,$ 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:

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 $$380$ were not recorded or paid.

b$.$ The $$505$ telephone bill for December $2020$ has not been recorded or paid.

c$.$ Depreciation on rental autos, amounting to $$23,700$ for $2020,$ was not recorded.

d$.$ Interest of $$850$ was not recorded on the note payable by Dyer Inc.

e$.$ The Rental revenue account includes $$4,280$ of revenue that will be earned in January $2021.$

f$.$ Maintenance supplies costing $$740$ were used during $2020,$ but this has not yet been recorded.

g$.$ The income tax expense for $2020$ is $$9,100,$ but it won't actually be paid until $2021.$

Required:

Prepare adjusting journal entry for each item $($a$)$ through $(g)$ should be recorded at December $31,2020.($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

Wages for the last three days of December amounting to $$380$ were not

recorded or paid.

Note: Enter debits before credits.

Prepare, in proper form, an adjusted income statement for $2020$

$10$

$10$

points

$01$:$18$:$27$

$\backslash$table$[[$DYER$,$ INC.,$],[$Income Statement,$],[$Expenses:$,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[$Totar expenses,,$],[$Income before Income tax expense,,$]]$