At the End of 2017,the Unadjusted Accounting Records for Coney

question 87

Essay

At the end of 2017,the unadjusted accounting records for Coney Corporation contain the following selected accounts and balances.
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$$\begin{array} { l r l r } \text { Interest Revenue } & \$ 3,600 & \text { Wage and Salary Expense } & \$ 15,600 \\\text { Insurance Expense } & 6,500 & \text { Interest Expense } & 2,400 \\\text { Depreciation Expense } & 12,000 & \text { Advertising Fees Earned } & 54,300 \\\text { Utilities Expense } & 12,400 & \text { Income Tax Expense } & 5,800 \\\text { Accounts Receivable } & 12,300 & \text { Dividends } & 3,000\end{array}$$ A. Coney has not paid its employees for the final three days in 2017 . The amount owed is $\$ 700$ . How much wage and sal ary expense should Coney report for its year ending December 31 , 2017 ?

B. Given the account listed, what adjustments might Coney make at year-end that could result in additional revenue?

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Definitions:

Work Experiences

The accumulated knowledge, skills, and interactions a person gains from being employed.

Seldom Modified

Refers to something that is rarely changed or altered.

Flexible Work Schedules

Work arrangements that allow employees to vary their hours and days of work, providing greater personal freedom.

Work-home Conflict

A form of conflict where the demands of work and home responsibilities are incompatible and negatively affect each other.