The following data at July are given for BMP:
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Read the requirements.
Requirement Journalize the adjusting entries needed on July Record debits first, then credits. Select the explanation on the last line of the journal entry table.
a Depreciation, $
Requirements
a Depreciation, $
b Prepaid rent expires, $
c Interest expense accrued, $
d Employee salaries owed for Monday through Thursday of a fiveday workweek, weekly payroll, $
e Unearned revenue eamed, $
f Office supplies used, $
Journalize the adjusting entries needed on July
Suppose the adjustments made in Requirement were not made Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments
