Question: Please show steps and solve in Excel. Please complete by 11:30 pm ET so I have time to use this to study B. Solve with

Please show steps and solve in Excel. Please complete by 11:30 pm ET so I have time to use this to study

B. Solve with Excel.

Starbucks gives its customers Star Rewards as an incentive. Starbucks analyzed liabilities related to Star Rewards and found that it gives up about $990,000 as of March 31, 2015. Their unadjusted general ledger at month-end for March reflects a liability balance from Star Rewards of $700,000.

Use the asset-liability approach to record the dollar amount Starbucks should record as an adjustment.

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