At the end of November the first month of operations

At the end of November, the first month of operations, the following selected data were taken
from the financial statements of Jaime McCune, Attorney-at-Law, P.C.Net income for November
.......... $207,320Total assets at November 30 ........ 440,960Total liabilities at November 30
........ 29,720Total stockholders’ equity at November 30 .. 411,240In preparing the financial
statements, adjustments for the following data were overlooked:a. Supplies used during
November, $1,025.b. Unbilled fees earned at November 30, $7,650.c. Depreciation of
equipment for November, $3,100.d. Accrued wages at November 30,
$1,100.InstructionsDetermine the correct amount of net income for November and the total
assets, liabilities, and stockholders’ equity at November 30. In addition to indicating the
corrected amounts, indicate the effect of each omitted adjustment by setting up and completing
a columnar table similar to the following. Adjustment (a) is presented as anexample.
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At the end of November the first month of operations
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