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ACCOUNT TITLE UNADJUSTEDTB DEBT CREDIT BIG CONSTRUCTION COMPANY Uradjusted Trial Balance December 200 ADJUSTMENTS ROSTEDTST DEBIT CREDIT DER GET Notes Receivable Accounts Receivable Inventory 12/31/2020

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ACCOUNT TITLE UNADJUSTEDTB DEBT CREDIT BIG CONSTRUCTION COMPANY Uradjusted Trial Balance December 200 ADJUSTMENTS ROSTEDTST DEBIT CREDIT DER GET Notes Receivable Accounts Receivable Inventory 12/31/2020 Prepaid Insurance Prepaid Rent Supplies 220.000 24 000 23.000 47000 OVE E ST 18,000 1 HELPLBL 12,500 TI 279.000 Land Equipment Accu Deprec Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable (Due 2022) Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Sales Discount Purchases Purchases and Allowances Purchases Discount Freight in Rent Expense Salaries and Wages Expense Utilititles Expense Advertising Expense Interet Expense Interest Revenue Rent Revenue Totals 800 LIMIT 21.000 2800 1.900 2,700 IIIIIIIII IIIII IIIIIIII The unadjusted trial balance of Big Construction company on December 31, 2020, contained the attached accounts at the end of the company's calendar year. 220,00 Inventory taken on 12/31/2020 was $42,000 Depreciation on equipment was $9.000 Unpaid accrued salaries were $2,800 Unexpired rent amounted to $2,500 Supplies on hand were $1,800 Accrued Sales revenue on 12/31/2020 was $3,400 Expired Insurance amounted to $2,000 Interest on the company's notes receivable at year-end amounted to $400- Unearned rent revenue earned at year-end amounted to $4,500 Instructions: Journalize the above adjusting entries. b Complete the worksheet using the above year-end information C Prepare a multiple-step income statement fior Big Construction Company as of December 31, 2020. Prepare an owner's equity statement for Big Construction Company as of December 31 2020. Prepaire a classified balance sheet for Big Construction Company as of December 31 2020. Journalize the closing entries. CONSTRUCTION COMPANY contatement Mus For the Year End December 31, 2019 Sales Returns and A Net Sales Purchases Purchases Returns and Allowances Purchases Discount Erleht Goods Availble for Sale Ending Inventory Cost of Goods Sold Gross Profit Operating Expenses: Rent Expense Salaries and Wages Expense Utilitities Expense Advertising Expense Interet Expense Depreciation Expense Total Operating Expenses Net Income before Others interest Revenue interet Expense Net Income BIG CONSTRUCTION COMPANY Ows ity Statement for the Yeed Dec 2015 CONSTRUCTION CO III OWNER'S EQUITY: / / / / / / / // / // 11 74 GENERAL JOURNAL ACCOUNT TITU

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