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am i missing something? Required information P4-7 (Algo) Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share
am i missing something?
Required information P4-7 (Algo) Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4 [The following information applies to the questions dispiayed below.] Tunstall, incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the Yollowing unadjusted trial balance as of the end of the annual accounting period on December 31: Data not yet recorded at December 31 included: a. The supplies count on December 31 reffected $160 in remaining supplles on hand to be used in the next year. b. Insurance expired during the current yeat, $780. c. Depreclation expense for the current year, $3,800. d. Wages eamed by employees not yet pald on December 31,$540. e. Three months of interest expense (for the note payable borrowed on October 1 of the current year) was incurred in the current year, f. Income tax expense. $5,380. 3. Recotd the closing entry. Note: If no entry is required for a transaction/event, select "No journal entry required Step by Step Solution
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