Business, 21.01.2021 22:50 autumn452392
For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less Adjusted Account affecting the: Impact on net income Adjusting entry related to: Income statement Balance Sheet a. Insurance b. Teaching supplies c. Depreciation - equipment d. Depreciation - library e. Training fees f. Tuition g. Salaries h. Rent Total impact on income due to adjustments $0 Net income before adjustments Net income after adjustments 0
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For each adjustment, indicate the income statement and balance sheet account affected, and the impac...
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