Question: The following data at July 31, 2018, are given for LSM (Click the icon to view the data) Read the requirements 0 More Info 0

 The following data at July 31, 2018, are given for LSM

The following data at July 31, 2018, are given for LSM (Click the icon to view the data) Read the requirements 0 More Info 0 Requirements a. Depreciation, $200 b. Prepaid rent expires, 5400 c. Interest expense accrued, $100 d. Employee salaries owed for Monday through Thursday of a five-day workweek, weekly payroll, $12,000 e. Unearned revenue earned $1,100 1. Office supplies used $500. 1. Journalize the adjusting entries needed on July 31, 2018 Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments Print Done Print Done

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