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all the requirements leting the accounting cycle from adjusting entries to post ce with an optional worksheet The snadusted trial the adjustments follow: balance of
all the requirements
leting the accounting cycle from adjusting entries to post ce with an optional worksheet The snadusted trial the adjustments follow: balance of Walton Anvils at December 31,2018, and the data for of s to post-closing Learning Objectives 1, 2, 3, 5 Net income $18,890 WALTON ANVILS Unadjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Debit Credit S 13,480 4,500 2,320 1,700 23,000 1,000 7,100 6,000 28,500 Walton, Capital Walton, Withdrawals 4,600 Service Revenue 19,500 Salaries Expense 2,500 Rent Expense Depreciation Expense-Equipment Supplies Expense Total S 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. e. Accrued Salaries Expense at December 31, S200. Requirements 2. Complete the worksheet for the year ended December 31, 2018 (optional). 3. Prepare the adjusting entrie 1. Open the Taccounts using the balances in the unadjusted tial balance. s, and post to the accounts. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year. 4. Prepare an adjusted trial balancoe. 5Step by Step Solution
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