pls answer all parts!! On December 31, 2025, Concord...
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Accounting
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On December 31, 2025, Concord Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $117,000, total liabilities $54,600, and stockholders' equity $62,400. The incorrect income statement showed net income of $54,600. The data for the three adjusting entries were: 1. Salaries and wages amounting to $7,800 for the last 2 days in December were not paid and not recorded, The next payroll will be in January. 2. Rent payments of $6,240 was received for two months in advance on December 1 . The entire amount was credited to Unearned Rent Revenue when paid. 3. Depreciation expense for 2025 is $7,020. Stockholders' Equity $62,400
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