Answer Happy

Understated or overstated for parts 2,3,4
2. What would be the effect on the income statement if the adjustments for equipment depreciation and uneamed fees were omitted at the end of the year? Enter all amounts as positive numbers. Fees earned by & Depreciation expense 3 by s Net Income understated overstated 1 by S 3. What would be the effect on the balance sheet of the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers Accumulated depreciation by Total assets by Uneamed fees by Total liabilities by by Retained earnings Total liabilities and stockholders' equity by 4. What would be the effect on the Net increase or decrease in cash on the statement of cash flows if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year?
1. Joumalize the six adjusting entries required at November 30, based on the data presented. If an amount box does not require an entry, leave it blank. Account Debit Credit Date Nov. 30 v Accounts Payable Accounts Receivable Cash 30 Supplies Supplies Expense 30 30 30 30
2. What would be the effect on the income statement if the adjustments for equipment depreciation and uneamed fees were omitted at the end of the year? Enter all amounts as positive numbers. Fees earned by & Depreciation expense 3 by s Net Income understated overstated 1 by S 3. What would be the effect on the balance sheet of the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers Accumulated depreciation by Total assets by Uneamed fees by Total liabilities by by Retained earnings Total liabilities and stockholders' equity by 4. What would be the effect on the Net increase or decrease in cash on the statement of cash flows if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year?