A B C Account Rock Company Trial Balance. Dec 31, 2024 Debit Credit Cash $ 10,000 Accounts Receivable Prepaid Rent 9 Supplies SSS $ 15,000 $ 7,200 $ 4,000 0 Deferred Revenue $ 3,000 1 Common Stock $ 11,000 12 Retained Earnings $ 6,000 13 Service Revenue $ 51,200 14 Salaries Expense 15 Totals SS $ 35,000 $ 71,200 $ 71,200 + 16 9 Additional Information 1. Prepaid Rent Contract in months (duration, 20 start date) 2. Services completed for customers who paid in 21 advance 3. Employee wages earned but not paid until Jan 22 3 (hours, wage rate) 6 Nov 1 start St $ 750 50 $ 14.00 23 4. Count of remaining supplies at year end $ 800 24 25 Requirements: 26 27 1. Enter the December 31 balances into the respective t-accounts. (use 28 cell references from the Trial Balance; don't re-type) 29 30 31 32 33 34 35 36 2. Prepare any necessary adjusting entries. Use the General Journal. 3. Post these transactions to the accounts in the ledger. (use cell references from the Gen Journal; don't re-type). 4. Prepare an Adjusted Trial Balance using updated account balances. (use cell references, or use formulas,from the accounts; don't re-type) 5. Prepare an Income Statement and a Balance Sheet (use cell references from the Adj Trial Balance; don't re-type). 6. Prepare Closing entries. Use the General Journal. (use cell references from the Adj Trial Balance; don't re-type). 37 38 + Date Accounts General Journal (adjusting entries) Debit Credit + Date Accounts General Journal (closing entries) Debit Credit Rock Company Income Statement for the year ended December 31, 2024 B Account Rock Company Adjusted Trial Balance Debit Credit 6 7 8 19 50 51 52 53 54 55 56 57 58 59 Rock Company Balance Sheet December 31, 2024 Asset Cash Accounts Receivable Supples GENERAL LEDGER OF ACCOUNTS Liabilities Owner's Equity Revenues Deferred Revenue Common Stock Service Revenue Retained Earnings Expenses Salaries Expense