Question: Question 1) Please help correct and explain these incorrect answers. Question 2) Complete this problem w/ explanations please. Thanks! Required information PA4-1 (Algo) Preparing a



![LO 4-5] [The following information applies to the questions displayed below.] Starbooks](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/671884f15c2c7_144671884f0cc701.jpg)

Required information PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5] [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplifled list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30,2021. 4-1 (Algo) Part 3 repare a post-closing trial balance at September 30, 2021. (1) Required information * Answer is complete but not entirely correct. STARBOOKS CORPORATION Post-closing Trial Balance At September 30, 2021 Required information PA4-4 (Algo) Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-3, LO 4-6] [The following information applies to the questions displayed below.] Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2021, follows, along with information about selected accounts. Complete this question by entering your answers in the tabs below. Calculate the adjusted net income that the company should report for the year ended December 31,2021. 4-a. Calculate the adjusted net income that the company should report for the year ended December 31,2021. 4-b. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Complete this question by entering your answers in the tabs below. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease
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