Reference no: EM132601062

At the end of the current year, the UNADJUSTED accounting records contain the following selected accounts and balances:

Other Revenue          $ 13,600

Salary Expense           $32,200

Supplies Expense        16,500

Rent Expense              12,400

Depreciation Expense   22,000

Legal Fees Earned      64,300

Utilities Expense      22,400

Income Tax Expense   15,800

Accounts Receivable  22,300

Dividends               13,000

Required:

Question 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?

Question 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?