Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014:

Data not yet recorded at December 31. 2014. included

a. The supplies count on December 31. 2014. reflected S300 remaining supplies on hand to be used in 2015.

b. Insurance expired during 2014. 5800

c. Depreciation expense for 2014. 53.700.

d. Wages earned by employees not yet paid on Decanter 31. 2014, 5640. e. Income tax expense. 55,540

Required:

1. Record the 2014 adjusting entries.

2. Prepare an income statement and a classified balance sheet that include the effects of the preceding five transactions.

3. Record the 2014 dosing entry.

Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31) Common stock (5,000 shares outstanding) Additional paid-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense Totals Debit 42,000 11,600 900 800 19,000 8,300 33,360 115,960 Credit 9,200 3,000 17,000 400 19,000 6,000 61,360 115,960