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On December 31,2024 , Colada Ltd. prepared a statement of income and statement of financial...

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Accounting

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On December 31,2024 , Colada Ltd. prepared a statement of income and statement of financial position, but failed to take into account three adjusting journal entries. Before correcting this omission, the statement of income reported net income of $95,000 and the statement of financial position reported total assets $154,000, total liabilities $73,000, and total shareholders' equity $81,000. Information about the three missing adjusting entries is as follows: 1. Salaries owed amounting to $10,900 for the last two days worked in December were not accrued. The next payroll will be in January. 2. Rent of $8,300 was received for two months in advance on December 1 . The entire amount was credited to Deferred Revenue when received. 3. Depreciation of $9,500 was not recorded. Complete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses eg. (45).) Complete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign preceding the number e. .45 or parentheses e.g. (45).)

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