\begin{tabular}{cc} \hline 1 & 125% \\ View & Zoom \\ + & ACP 201A \\ \hline \end{tabular} Add Category Insert Table Chart Text Shape Media Comment Collaborate Date: Name: Intermediate Accounting - 201A Mason Advertising Agency was founded in January 2012. Presented below are adjusted and unadjusted trial balances as of December 31, 2019. Instructions: Each Journal Entry = 1 point, 7 points total (a) Journalize the annual adjusting entries that were made. (Omit explanations.) Dec 31 \begin{tabular}{|l|r|r|} \hline Account Title & Amount & Amount \\ \hline Account Title & Amount & \\ \hline Account Title & & Amount \\ \hline \multicolumn{2}{|l|}{} \\ \hline Account Title & Amount & \\ \hline Account Title & & Amount \\ \hline \end{tabular} Dec 31 Account Title Amount (b) Prepare an income statement (10 points) and a statement of retained earnings ( 3 points) for the year ending Dece 125% Zoom Add Category Insert Table Chart Text Shape Media Comment Collaborate Format Organize \begin{tabular}{|l|r|r|r|r|} \hline Notes Payable & & 5,000 & 5,000 \\ \hline Unearned Service Revenue & & 7,000 & & 5,600 \\ \hline Salaries and Wages Payable & & 0 & & 1,300 \\ \hline Common Stock & & 10,000 & & 10,000 \\ \hline Retained Earnings & & 3,500 & & 3,500 \\ \hline Service Revenue & & 58,600 & & 63,500 \\ \hline Salaries and Wages Expense & 10,000 & & 11,300 & \\ \hline Insurance Expense & & & 850 & \\ \hline Interest Expense & 350 & & 500 & \\ \hline Depreciation Expense & & & 5,000 & \\ \hline Supplies Expense & & & 5,400 & \\ \hline Rent Expense & 4,000 & & 4,000 & \\ \hline Totals: & $117,100 & $117,100 & $127,050 & \\ \hline \end{tabular} Instructions: Each Journal Entry = 1 point, 7 points total (a) Journalize the annual adjusting entries that were made. (Omit explanations.) Dec 31 \begin{tabular}{|l|r|r|} \hline & Amount & \\ \hline Account Title & & Amount \\ \hline \end{tabular} Dec 31 \begin{tabular}{|c|c|} \hline Account Title & Amount \\ \hline Account Title & \\ \hline \end{tabular} Dec 31 \begin{tabular}{|c|c|} \hline Account Title & Amount \\ \hline Account Title & \\ \hline \end{tabular} Amount Account Title Amount Dec 31 \begin{tabular}{|c|c|} \hline Account Title & Amoun \\ \hline Account Title & \\ \cline { 1 - 2 } \end{tabular} Amount Dec 31 \begin{tabular}{|l|l|} \hline Account Title & Amoun \\ \hline Account Title & \\ \hline \end{tabular} \begin{tabular}{|c|r|r|} \hline Account Title & Amount & \\ \hline Account Title & & Amount \\ \hline \end{tabular} (b) Prepare an income statement (10 points) and a statement of retained earnings ( 3 points) for the year ending December 31, 2019 and an balance sheet (10 points) at December 31. MASON ADVERTISING AGENCY Income Statement For the Year Ended December 31, 2019 Revenues \begin{tabular}{|l|r|} \hline Account Title & Amount \\ \hline \end{tabular} Expenses Account Title Account Title Amount Amount
