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3. (25 points) The unadjusted trial balance of E. Pace, Consultant is entered on the partial work sheet below. Complete the work sheet of (1)

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3. (25 points) The unadjusted trial balance of E. Pace, Consultant is entered on the partial work sheet below. Complete the work sheet of (1) Adjustments (2) Adjusted Trial Balance (3) Income Statement and (4) Balance Sheet and Statement of Owner's Equity, using the following information: (a) Salaries eamed by employees that are unpaid and unrecorded, $500 (b) An inventory of supplies showed $800 of unused supplies still on hand. (e) Depreciation on equipment, S1,300 E Pace. Consulting Work Sheet For the year ended December 31 Balance Sheet Adjusted Trial Income Unadjusted Trial Balance Debil Credit Account Adjustments Debit Credit Balance Debit Credit and Set of Ow Dobit Ded Statement Debil Credi Cash $14.000 1.00 Supplies Equipment 11.00 $ 2.000 Accum Dept-Equip sod Accounts payable Salaries payable 65od E Pace Capital Lace Withdrawal 1.50 30.000 Fes card 7.500 Salary expo 400 Rent expen Supplies Expo Depreciation expect $39.00 539.000 Total 6

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