On December 31, 2021, Alan and Company prepared an income statement and balance sheet but...
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Accounting
On December 31, 2021, Alan and Company prepared an income statement and balance sheet but failod to take into account fouf adjusting journal entries, The income statement, prepared on this incorrect basis, reported income before income tax of 327500 The balance sheet (before the effect of income taxes) reflected total assets, 584,000 ; total liabities, $37,000; and stockholders' equity. $47,000. The data for the four adjusting joumal entries follow: a. Amortization of $7.400 for the year on software was not recorded. b. Salaries and Wages amounting to $16,400 for the last three dibys of December 2021 were not paid and not recorded (ine next payroli will be on January 10,2022 h c. Rent revenue of $3,900 was collected on December 1, 2021, for office space for the three-month period December t, 202t, to February 28, 2022. The $3,900 was credited in full to Deferred Revenue when collected. d. Income taxes were not recorded and not paid. The income tax rate for the company is 25%. Required: Complete the following toble to show the effects of the four adjusting joumal entries. (Negative amounts should be indicated by a minus sign
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