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
a. Wages of $867 for the last three days of the fiscal period have not been
b. Interest of $170 on a bank loan has not been accrued.
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