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At the beginning of February, Moose Law Manufacturine Company slgned a 2 . vear rental agreement with WVS Property Management Company warth $5,500 for a

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At the beginning of February, Moose Law Manufacturine Company slgned a 2 . vear rental agreement with WVS Property Management Company warth \$5,500 for a building for the business. Ther paid for the entirerenta! arrecment up-front. No adjustment has been made yet for any rent expense. The company checked the unused supplies in the storeroom and discovered $3,211 remained. Moose Jaw Manufacturing Company is open 7 days a week. This year, March 31, 2021, falls on a Wednesday. The weekly pay period ends on Saturdays if 3 the daily cost of payroll is $650, caiculate the adjusting entry for the vear-end that would be added to the wages of $1,499,608. Moose Jaw Manufacturing Company purchased Equipment during the year for $53,200 at the start of October. The asset has an estimated life of 5 years. 5 The company needs to record $4,557 of depreciation on its Vehicles. 6 The company loaned $7,600 to a customer on November 1 at an interest rate of 8%. No payment of interest or prindipal has happened as of year-end. In March, the company entered into a contract to provide services for a customer. The customer paid $4,800. At year-end, $1,129 was unearned. During the fiscal year at the beginning of the month of November, the 8 company purchased insurance, as recorded in Prepaid Insurance. No adjustment happened all year. The insurance coverage is for 22 months. 1. Moose Jaw Manufacturing Company prepared a trial balance at its year-end date, March 40 morks 31, 2021. Make the required adjusting journal entries, based upon the following additional information. Show your calculations in the 'explanation' line. Round your answers to the nearest dollar. ( 20 marks) Moose Jaw Manufacturing Company Unadjusted Trial Balance March 31, 2021 2. Once finished with the journal entries, prepare an Adjusted Trial Balance for Moose Jaw Manufacturing Company. Do not prepare a general ledger. (9 marks) 3. From the Adjusted Trial Balance, prepare the Income Statement, Statement of Changes in Equity, and Balance Sheet for the company at the year-end. The owner did not contribute any additional investment during the year. (11 marks)

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