Assume that you are responsiblefor preparing and posting all appropriate year-end adjustingentries for Company A based on the information providedabove.
Assume that you have posted all the appropriate year-end adjustingentries to the Company A general ledger and you prepared anadjusted trial balance for Company A.
Answer the following question about the impacts on the financialstatements if some or all of the adjusting entries required werenot posted to the general ledger.
Which of the following statements are true? (There are multiplecorrect answers)
If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then stockholders’ equity would be understatedby $6,000.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then total liabilities would be overstated by$6,000.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then net income would be overstated by$6,000.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then net income would be understated by$6,000.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then Accumulated Depreciation-Equipment wouldbe understated by $1,675.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then total assets would be overstated by$1,675.If the adjusting entries for items (b) and (e) were not posted tothe general ledger, then net income would be understated by$4,325.000,025 nsmqiup3 000,sre Insmqiup3–noitsD91q9q bsIslumUDA 000SI InsA bicq91q or r.ε 29ilqqu2 9ldey6q 29e6w 000.0『 2991 bsn169nU 000.00A bsn163 2991 000,or 92n9qx3 29esW 92n9qx3 JnsA 92naqx3 noi16D91qsC 92n9qx3 29ilqqu? ollot as ei A vnsqmoO1ot bebeen aemtne eniteups bne-see tuods notsmotni lsnoitibbA : t’s zwollot 25 915 21nsmtzuibs br19-15sy Iof b9b99n 5 .0222,OE 19dmsvoM ts brisd no 29ilqqu2 .5 .zra,12,159V3nnubinsmqiupa to noitsD91qsC .d .002,82 tissy gnnub b91iqxs insA .2 ,000,se tOE 19dm9voM ts bisq ton tud b9UIDD5 29g5W。b .000,P.OE 19dm9voVl ts 2991 b9m59rU .9 .08E,22,OE 19dm9vou ts 2991 b9llidnU.t Show transcribed image text 000,025 nsmqiup3 000,sre Insmqiup3–noitsD91q9q bsIslumUDA 000SI InsA bicq91q or r.ε 29ilqqu2 9ldey6q 29e6w 000.0『 2991 bsn169nU 000.00A bsn163 2991 000,or 92n9qx3 29esW 92n9qx3 JnsA 92naqx3 noi16D91qsC 92n9qx3 29ilqqu? ollot as ei A vnsqmoO1ot bebeen aemtne eniteups bne-see tuods notsmotni lsnoitibbA : t’s zwollot 25 915 21nsmtzuibs br19-15sy Iof b9b99n 5 .0222,OE 19dmsvoM ts brisd no 29ilqqu2 .5 .zra,12,159V3nnubinsmqiupa to noitsD91qsC .d .002,82 tissy gnnub b91iqxs insA .2 ,000,se tOE 19dm9voM ts bisq ton tud b9UIDD5 29g5W。b .000,P.OE 19dm9voVl ts 2991 b9m59rU .9 .08E,22,OE 19dm9vou ts 2991 b9llidnU.t
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