On December Alan and Company prepared an income statement and balance sheet but failed to take into account four adjusting journal entries. The income statement, prepared on this incorrect basis, reported income before income tax of $ The balance sheet before the effect of income taxes reflected total assets, $; total liabilities, $; and stockholders equity, $ The data for the four adjusting journal entries follow:
Amortization of $ for the year on software was not recorded.
Salaries and Wages amounting to $ for the last three days of December were not paid and not recorded the next payroll will be on January
Rent revenue of $ was collected on December for office space for the threemonth period December to February The $ was credited in full to Deferred Revenue when collected.
Income taxes were not recorded and not paid. The income tax rate for the company is
Required:
Complete the following table to show the effects of the four adjusting journal entries.
