At the End of the Current Year,the UNADJUSTED Accounting Records

question 160

Essay

At the end of the current year,the UNADJUSTED accounting records contain the following selected accounts and balances:
$\begin{array}{lrlr}\text { Other Revenue } & \$ 13,600 & \text { Salary Expense } & \$ 32,200 \\\text { Supplies Expense } & 16,500 & \text { Rent Expense } & 12,400 \\\text { Depreciation Expense } & 22,000 & \text { Legal Fees Earned } & 64,300 \\\text { Utilities Expense } & 22,400 & \text { Income Tax Expense } & 15,800 \\\text { Accounts Receivable } & 22,300 & \text { Dividends } & 13,000\end{array}$
A) The company has not paid its employees for the final three days in the current year. The amount owed is $\$ 2,500$ . How much salary expense should be reported for the current year ended December 31 ?
B) What additional adjustments would you expect the company to make at year end that would result in additional revenue as a result of the accounts listed?

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Definitions:

Lymphocytes

A subclass of white blood cells vital to the immune system, involved in producing antibodies and destroying infected or cancerous cells.

Adaptive Immunity

Adaptive Immunity refers to the immune system’s ability to recognize and specifically target foreign invaders, such as viruses and bacteria, through antibodies and specific immune cells.

Antigens

Substances, often foreign, that induce an immune response in the body, especially the production of antibodies.

Interferon

A type of protein produced by cells in response to viral infections, functioning as part of the immune response to inhibit virus spread.