Unformatted text preview: ================================================================================== ================================================================================== Balance 12-31-02 529683 A (TB-BS) Dividends 23125 M (TB-BS) 506558 Net Income, 2003, before audit adjustments 318585 * (TB-BS) Balance, 12-31-03, per client 825143 R Net effect of 2003 audit adjustments: (Adjusting entries debit income $177,135 and credit income $46,672 (130463) * Balance, 12-31-03, after audit adjustments 694680 C * Agreed to income statement--working trial balance (TB-IS). A Agreed to prior year's audit working papers. M Traced to corporate minutes and to liability - Dividends payable. R Reconciles to (TB-BS) per client. C Reconciles to (TB-BS) per audit....
View Full Document
This note was uploaded on 11/01/2011 for the course ACCT 2301 taught by Professor Lewis during the Spring '09 term at Husson.
- Spring '09