a. Record the required adjusting entries, assuming the company adjusts its accounts annually.

b. Set up T accounts, enter the balances from the unadjusted trial balance, and post the adjusting entries prepared in part (a).

c. Prepare an adjusted trial balance at December 31.

d. Prepare a multiple-step statement of income, statement of changes in equity, and statement of financial position for the year.

*PLEASE COMPLETE ALL THE PARTS OF THE QUESTION*

The unadjusted trial balance of Blue Spruce Inc., at the company's vear end of December 31 , follows: Additional information and adjustment data: 1. A 12-month insurance policy was purchased and was effective February 1, 2021. 2. There was $808 of supplies on hand on December 31 . 3. Depreciation expense for the year is $5,480 for the buildings and $4,500 for the equipment. 4. Salaries of $808 are accrued and unpaid at December 31 . 5. Accrued interest expense at December 31 is $725, 6. There was deferred revenue of $985 that still needed to be deferred as at December 31 . The balance had been earned. Of the deferred revenue that had been earned, the cost of goods sold was $2,000. 7. Of the bank loan payable, $9,634 is payable next year. 8. Income tax of $510 is due and unpaid. 9. A physical count of inventory indicates $22,075 on hand at December 31 . 10. Common shares of $3,090 were issued during the year