Question: Please answer (journalize) the questions in the chart I uploaded in the files. Thank You. At the end of June, the first month of operations,
Please answer (journalize) the questions in the chart I uploaded in the files. Thank You. At the end of June, the first month of operations, the following selected data were taken from the financial statements of Beth Cato, an attorney: Net income for June $80,000 Total assets at June 30 $500,000 Total liabilities at June 30 $200,000 Total stockholders? equity at June 30 $300,000 In preparing the financial statements, adjustments for the following data were overlooked: a. Supplies used during June, $1,500. b. Unbilled fees earned at June 30, $18,000. c. Depreciation of equipment for June, $3,000. d. Accrued wages at June 30, $1,200.
Problem 3-6A Name: Section: Score: 0% Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. In the table, enter a zero in cells you would otherwise leave blank. 1. Account Debit Credit Net Income Total Assets a. b. c. d. 2. Reported amounts Corrections: Adjustment (a) Adjustment (b) Adjustment (c) Adjustment (d) Corrected amounts = Total Liabilities + Total Stockholders' Equity
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