Examine the following trial balances, before and after adjustment:

(a) Determine and record the apparent adjusting entries in journal entry format.

(b) Prepare an income statement for the year ending December 31, 20X9.

(c) Prepare a statement of retained earnings for the year ending December 31, 20X9.

(d) Prepare a classified balance sheet as of December 31, 20X9.

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CHESTERFIELD CORPORATION Trial Balance and Adjusted Trial Balance December 31, 20X9 Trial Balance Adjusted Trial Balance Debits Cash $166,890 Credits Debits $166,890 Credits Accounts receivable 87,654 107,654 Supplies 8,992 4,500 Prepaid rent 6,000 2,000 Equipment 145,700 145,700 Accumulated depreciation Accounts payable $ 37,660 $ 44,660 13,590 13,590 Wages payable 4,500 Interest payable 1,500 Unearned revenue 18,000 12,000 Notes payable 50,000 50,000 Capital stock 225,000 225,000 Retained earnings, Jan. 1 89,119 89,119 Dividends 40,000 40,000 Revenues 334,490 360,490 Wages expense 276,123 280,623 Rent expense 33,000 37,000 Depreciation expense 7,000 Supplies expense 4,492 Interest expense 3,500 5,000 $767,859 $767,859 $800,859 $800,859