F o c u s o n F i n a n c i a l S t a t e m e n t s O n l i n eFFS 4-2FFS 4-3C h a p t e r 4Part 1Refer to WestJet’s income statement on page I-13 in Appendix I at the end of the textbook.a.Prepare two possible adjusting entries that would have caused 2002 Guest revenuesto increase.b.Prepare two possible adjusting entries that would have caused 2002 Aircraft leasingexpensesto increase.Part 2Refer to WestJet’s balance sheet on page I-12 in Appendix I at the end of the textbook.c.Prepare the possible adjusting entry that would have caused the December 31, 2002balance in Prepaid expenses and depositsto decrease.d.Prepare a possible adjusting entry that would have caused the December 31, 2002balance in Accounts payable and accrued liabilitiesto increase.The Four Seasons Hotels Inc., with its head office in Toronto, Ontario, offers hospitalityservices across Canada. It showed net interest income of $3,235 (thousand) on its incomestatement for the year ended December 31, 2002. RequiredPart 1a.Explain the possible source(s) of this income given the following excerpt from theDecember 31, 2002 balance sheet:b.Prepare one possible adjusting entry that would result in the recording of interest
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