How do I find the Net Income before adjustments? GeneralTrial Balance Statement General ournal...
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Accounting
How do I find the Net Income before adjustments?
GeneralTrial Balance Statement General ournal Requirement Equity Balance Sheet Impact on Income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on statement tab. (Hint: Select unadjusted on the drop-down.) Adjusted Account affecting the Impact on net income Adjusting entry related to: a) Rent b) Insurance c) Office supplies d) Depreciation e) Unbilled fees ) Unpaid wages Total impact on income due to adjustments Net income before adjustments Income Statement Balance Sheet ent expense nsurance expense Office supplies expense Depreciation expense-Office equipment Services revenue Wages expense Prepaid rent Prepaid insurance Office supplies Accumulated depreciation Office equipment Accounts receivable Wages payable (800) (220) (3,100) (550) 2,000 (2,700) $(5,370) 0
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