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disapprove ot Henson's management of Better Days Ahead's funds > Fraud Case 2-1 kins was...

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Accounting

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disapprove ot Henson's management of Better Days Ahead's funds > Fraud Case 2-1 kins was the accounting manager at Zelco, a tire manufacturer, and he played golf with Hugh Stallings, the CEO, who was something of a celebrity in the community. The CEO stood to earn a substantial bonus if Zelco increased net income by year end. Roy was eager to get into Hugh's elite social circle; he boasted o FHugh that he knew some accounting tricks that could increase company income by simply revising a few journal entries for rental payments on storage units. At the end of the year, Roy changed the debits from "rent expense" to "prepaid rent" on several entries. Later, Hugh got his bonus, and the deviations were never discovered Requirements 1. How did the change in the journal entries affect the net income of the company at year end? 2. Who gained and who lost as a result of these actions

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