At the end of the first month of operations, the Bradley Company's accountant prepared financial...
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Accounting
At the end of the first month of operations, the Bradley Company's accountant prepared financial statements that showed the following amounts: In preparing the statements, the accountant overlooked the following items: a. Depreciation for the month, $1,000 b. Service revenue earned but not recorded at month-end, $1,500. c. Employee wages earned but unpaid at month-end, $250. Determine the correct amounts of assets, liabilities, and stockholders' equity at month-end and net income for the month. Note: Use negative signs to indicate a decrease to arrive at the corrected amounts
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