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4) The trial balance of Super Employment Services pertains to December 31, 2019, the end of Super's annual accounting period. Data needed for the adjusting
4) The trial balance of Super Employment Services pertains to December 31, 2019, the end of Super's annual accounting period. Data needed for the adjusting entries include the following: a. Supplies on hand at year-end, $200. b. Depreciation on furniture, $2,000. c. Depreciation on building, $1,000. d. Salaries owed but not yet paid, $500. e. Accrued service revenue, $1,300. f. $3,000 of the unearned service revenue has been earned. Requirements: (1) Open the ledger accounts in T-account form with their unadjusted balances as shown for Accounts receivable:(3 marks) Accounts receivable 5,000 (2) Journalize Super's adjusting entries at December 31, 2019. (3 marks) (3) Post the adjusting entries. (3 marks) (4) Write the trial balance on a worksheet, enter the adjusting entries, and prepare an adjusted trial balance. (4 marks) (5) Prepare the income statement, the statement of owner's equity, and the balance sheet. Draw arrows linking the three financial statements. (15 marks) SUPER EMPLOYMENT SERVICES Trial Balance December 31, 2019 e Balance Debite Credit $ 6,000 5,000 1,000 10,000+ $ 4,00044 75,000 Account Title Cashe Accounts receivable Suppliese Furniture Accumulated depreciation--furniture Building Accumulated depreciation--building Accounts payable Unearned service revenue Mudge, capitale Service revenue Salary expense- Supplies expense Depreciation expensefurniture Depreciation expense--building Advertising expense- Totale 30.0004 2.0004 8,000 12,000 60.0004 16,000 ce 3,000 $ 116.000 $116.0004
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