The unadjusted T-accounts of Lisa Tenney, M.D., at December 31, 20X2, and the related year-end adjustment data follow. CASH Bal. 29,000 ACCUMULATED DEPRECIATION Bal. 12,000 NOTE PAYABLE, LONG-TERM Bal. 40,000 SERVICE REVENUE Bal. 145,000 DEPRECIATION EXPENSE ACCOUNTS RECEIVABLE SUPPLIES Bal. 44,000 Bal. 6,000 Ba ACCOUNTS PAYABLE SALARY PAYABLE L Bal. 16,000 LISA TENNEY, CAPITAL Bal. 41,000 Ba SALARY EXPENSE Bal. 36,000 INTEREST EXPENSE INSURANCE EXPENSE Bal. 5,000 Bal. 10,000 Adjustment data at December 31, 20X2:

a. Depreciation for the year. $5.000.

b. Supplies on hand. $2,000.

c. Accrued service revenue, $4,000. Required

d. Unearned service revenue earned dur- ing the year, $2,000.

e. Accrued salary expense. $4,000. 1. Enter the trial balance on a work sheet, and complete the work sheet. Key each adjusting entry by the letter corresponding to the data given. List all the accounts, including those with zero balances. Leave a blank line under Service Revenue. 2. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account format. 3. Journalize the adjusting and closing entries. 4. Did Tenney have a good or a bad year during 20X2? Give the reason for your answer.