Homework Answers
Note: There is no any error in Adjustment no. 2, Since journal is correct and amount is also same (Correct)
Working Note:
1. Cash = $4390-$90+$412 = $4712
2. Accounts Receivable = $4490+90+630 = $5210
3. Accounts Payable = $4806-54
4. Dividends = $800+$500 = $1300
5. Salaries and Wages Expense = $3460+$770-$500 = $3730
I hope this clear your doubt.
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