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all the requirements es Completing the accounting cycle from adjusting entries to post-closing Learning Objectives ralbalance with an optional worksheet trial balance w trial balance
all the requirements
es Completing the accounting cycle from adjusting entries to post-closing Learning Objectives ralbalance with an optional worksheet trial balance w trial balance of trial balance of Walton Anvils at December 31,318, and the daers for the adjustmenrs 1, 2.3 4, 5, 6 WALTON ANVILS Unadjusted Trial Balance cember 31, 2018 Credrt 5 13,480 Accounts Receivable Prepaid Rent Office Supplies 14,500 ,700 23,000 on-Equipment 5 1,000 7,100 Accounts P Salaries Payable Unearned Revenue Waiton, Capital 6,000 28,500 Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total 2.500 62,100 62,100 Adjustment data: a. Unearned Revenue still unearned at December 31, $1,800 b. Prepaid Rent still in force at December 31, $2,100 c. Office Supplies used, $1,500, d. Depreciation, $390. c. Acrued Salaries Expense at December 31, $200 Requirements 1. Open the Taccounts using the balances in the unadjusted til lance 2. Complete the worksheet for the year ended December 31,2018 (opsional) epare the adjusting entries, and post to the accounts fied by the 4. Prepare an adjusted trial balance 5. Pre pare the income statement, the statement of ouwner's equiny, and the classified sheet in report form. Assume that there were no contributions made byStep by Step Solution
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