Enter the following column headings across the top of a sheet of paper:
Transaction/ Current Current Long-Term Net Adjustment Assets Liabilities Debt Income Enter the transaction/adjustment letter in the first column and show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the income statement by entering the amount and indicating whether it is an addition (+) or a subtraction (-). You may also write the journal entries to record each transaction/adjustment.
a. Wages of $867 for the last three days of the fiscal period have not beenaccrued.
b. Interest of $170 on a bank loan has not been accrued. 
c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $240,000 of 8.5% bonds.
d. The discount related to the bonds in part c has not been amortized for the current month. The current month amortization is $50. 
e. Product warranties were honored during the month; parts inventory items valued at $830 were sent to customers making claims, and cash refunds of $410 were also made.
f. During the fiscal period, advance payments from customers totaling $1,500 were received and recorded as sales revenues. The items will not be delivered to the customers until the next fiscal period. Record the appropriate adjustment.