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Transaction Adjustment Current Assets Current Liabilities Long Term Debt Net Income a $867 $(867) b c d e f

I'm attaching my spreadsheet to this question. I can not for the life of me figure out this question. I'm spreading it over multiple questions so you can get credit for them all. Please help. I don't understand it at all no matter how many times I read it.

Transaction analysis—various accounts Enter the following column headings

across the top of a sheet of paper:

Transaction/ Current Current Long-Term Net

Adjustment Assets Liabilities Debt Income

Enter the transaction/adjustment letter in the first column and show the effect, if any,

of each of the transactions/adjustments on the appropriate balance sheet category

or on the income statement by entering the amount and indicating whether it is an

addition ( +) or a subtraction ( -). You may also write the journal entries to record

each transaction/adjustment.

a. Wages of $867 for the last three days of the fiscal period have not been

accrued.

b. Interest of $170 on a bank loan has not been accrued.

Transaction Adjustment Current Assets Current Liabilities Long Term Debt Net Income a $867 $(867) b c d e f
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Dear Student Please find... View the full answer

Accounting - 8212102.xls

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),
It will show all calculations and formulas Automatically
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