Question

+ 18 of 18 (13 complete) HW Sco Score: Vor y pts Instructor-created question The following selected account balances, before adjustments, for Cooper Digital Services Company are available. Additional information regarding year-end adjustments is also provided below Click the icon to view the selected accounts and balances) (Click the icon to view the adjustment data and additional information ) Complete the proof that Total assets Total liabilities + Total stockholders' equity, after all adjustments have been made Total assets Total liabilities - Total stockholders' equilty

Answer 1

$1581186504128_AdjustmentEntries.png$$1581186505513_Assets.png$$1581186506300_Liabilities.png$

Profit & Lors Income Service Revenue 160000 Add: Adjustments 1650 161650 Add: Accrued Revenue 32000 193650 sen 34000 3200 37200 2000 ЕСело A) Salary Expenses Add: Adjustment 13 Depreciation c) supplies Expenses Add: Adjustment D) Insurance Add: Adjustment E Advertising Expense E Utilities Expense 3400 3400 TIO 1100 7000 2400 53100 Profit = 193650 - 53100 - 140550

There is some mistake in drafting the problem. Hence there is difference of Rs. 2000 in assets and liabilities.

Error has been made in depreciation adjustments.