a) Journalize the annual adjusting entries that were made.

b) prepare an income statement for the year ending December 31,2020.

c) prepare a statement of retained earnings for the year ending December 31, 2020.

d) prepare an unclassified balance sheet at December 31.

e) answer the following questions.

1. if the note has been outstanding 3 months, what is the annual interest rate on that note?

2. if the company paid 12,610 in salaries and wages in 2020, what was the balance in salaries and wages payable on December 31, 2019?

Question 6 View Policies Current Attempt in Progress Vaughn Advertising was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31, 2020. VAUGHN ADVERTISING TRIAL BALANCE DECEMBER 31, 2020 Unadjusted Adjusted Cr. Cr. Dr. $16,520 22,700 9,280 4,070 65,800 Dr. $16,520 25,747 4,155 3,224 65,800 $25,320 27,916 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense $30,660 27.916 156 5.200 5,281 1.228 9,810 3.540 61,420 11,250 5,200 6,720 -0- 9,810 3,540 56,934 12,478 846 536 5,340 5,125 5,440 $135,440 $145,211 380 5,440 $135,440 $145,211 WP Ac Dashboard Calendar Journalize the annual adjusting entries that were made. Credit account titles are automatically indented when amount is entered Do not indent manually entry is required, select "No entry for the account ities and enter for the amounts No. Date Account Titles and Explanation Debit Credit 1 Dec 31 Accounts Receivable Service Revenue To record accrued service revenue) 2 Dec 31 Uhared Service Revenue Service Revenue To record earned service revenue) Dec 31 See Supplies 5125 To record supplies used 4 Dec 31 de Prepaid irace (To record depreciation on equiment) 5 Dec 31 Depreciation Expeme 5340 Aled Depreciation for To record interest accrued on the note) Inbox Get HELP sos 156 (To record expired insurance) 7. Dec 31 Sales and Wages Experse Insurance pone To record scored wages) 1220 Prepare an income statement for the year ending December 31, 2020. Ender loss using either a negative sin preceding the numberes-45 or parentheses es 101 VAUGHN ADVERTISING Income Statement For the Year Ended December 31, 2020 Revenues Service Dashboard 61420 Salaries and Wages bene GHELP sos 5340 5125 . 300 eTextbook and Media List of Accounts Courses Calendar Inbox Prepare a statement of retained earnings for the year ending December 31, 2020. List items that increase retained earnings first.) VAUGHN ADVERTISING Statement of Retained Earnings For the Year Ended December 31, 2020 Retained Earnings January Add t : Net Income/(0) 33035 Retained Earnes. December 310 Get HELP SOS e Textbook and Media List of Accounts VAUGHN ADVERTISING Balance She December 5 Data 4111 ON et Accented Dereceler mest GetHELP MOS Are the following in Runded GHELP The work role com120 od wages 2002 was there was an December 31, 2017 Textbook and Media List of Accounts