Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018   Debit Balances Credit Balances Cash 12,600       Accounts Receivable 27,970       Supplies     1,760   Equipment     124,610   Accumulated Depreciation - Equipment 41,580       Accounts Payable 15,120       Salaries Payable     1,390   Unearned Rent 5,670       Common Stock 13,500       Retained Earnings 89,680         206,120   127,760   Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct.

Required Information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following sccount balances: Accounts Debit Credit $ 27,100 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipnent Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2822) 5e, 200 $ 6,200 22, B00 66, 800 25, e00 3,5ee 30,5ee 70, e00 55,e00 25,100 Common Stock Retained Earnings Totals $190,300 $198,300 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $12,e0e. The cards are redeenable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $167,88e. January 15 Firework sales for the first half of the month total $155,e0e. All of these sales are on account. The cost of the units sold is $83,88e. January 23 Receive $127,480 from custoners on accounts receivable. January 25 Pay $11e,eee to…

The DARARI Corporation's Account Receivable Control Accounts had balance of P2,865,000, which the accountant had a difficulty in identifying the classification of accounts either current or non-current. The details of the accounts receivable is presented below as of December 31, 2019:             Accounts known to be worthless                37,500.00  Advance payments to creditors or purchase order                150,000.00  Advances to affiliated companies                375,000.00  Customer's accounts reporting credit balances arising from sales return                (225,000.00)  Interest Receivable on Bonds                150,000.00  Other Trade receivable - unassigned                750,000.00  Subscription receivable due in 30 days                825,000.00  Trade Account Receivable  assigned (BC Company's equity in assigned accounts is P150,000)                375,000.00  Trade Installment Receivable due 1-18 months,…

What is the amount and direction (+ or −) of the income taxes payable adjustment to net income in theoperating activities section of the statement of cash flows? What does this adjustment represent?