For the year ending December 31, 2008, Mann Medical Co. mistakenly omitted adjusting entries for (1)…


Question Description:

20

For the year ending December 31, 2008, Mann Medical Co. mistakenly omitted adjusting entries for (1)… 1 answer below ยป For the year ending December 31, 2008, Mann Medical Co. mistakenly omitted adjusting entries for (1) $8,600 of unearned revenue that was earned, (2) earned revenue that was not billed of $12,500, and (3) accrued wages of $2,900. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income for 2008. Jul 08 2014 12:40 PM

Answer

20