1 LAGM - Bayamon Location ID Name Due Date: Monday - October - 18-2021 Second Test - Chapter 3: The Accounting Information System Problem One - Prepare the financial statements - 40 points The adjusted trial balance of Calixto Company appears below. Using the information from the adjusted trial balance you are to prepare for the month ending December 31, 2021 an income statement a retained earnings statement a classified balance sheet as like the one on page 112, figure 3-41 and those that were made in the classroom Calixto Company Adjusted Trial Balance December 31, 2021 Debit Credi Cash $ 3,900 Accounts Receivable 2.200 Supplies 1,800 Equipment 16.000 Accumulated Depreciation Equipment Accounts Payable $ 4,000 Unearned Service Revenue 3.800 Common Stock 5,000 Retained Earnings 10,000 Dividends 2,000 Service Revenue Supplies Expense 4,700 Depreciation Expense 2,500 Rent Expense 2.900 $31.900 $31.900 4.400 600 Problem Two - Prepare the adjusting entries for this company - 20 points Selected amounts from Capitol Company's trial balance of 12/31/21 appear below 1. Accounts Payable $ 160,000 2 Accounts Receivable 150,000 3. Accumulated Depreciation-Equipment 200.000 4. Allowance for Doubtful Accounts 20,000 5. Bonds Payable 500,000 6. Cash 150.000 7. Common Stock 60,000 8. Equipment 870,000 9. Prepaid Insurance 30.000