Bills Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to keep the books. Unfortunately, William did not review his friend's work and now it seems his friend has made a mess of the accounting records. William has provided you the following list of unadjusted account balances at BB September 30 fiscal year-end. You have reviewed the balances with William and made notes shown in the right column.

Required:

Prepare the adjusting journal entries for the year ended September 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

please help I couldn't do the option (h), please!

ost the beginning balances and adjusting entries to the following T-accounts.

Required:

Prepare an adjusted trial balance as of September 30.

equired:

Prepare an income statement for the year ended September 30.

Required:

Prepare a statement of retained earnings for the year ended September 30

Required:

Prepare a classified balance sheet for the year ended September 30. (Amounts to be deducted should be indicated by a minus sign.)

Account Name Cash Accounts Receivable Prepaid Rent Supplies BILL'S BOARDS Unadjusted Trial Balance At September 30 Debits Credits Notes $ 16,700 This balance equals the balance reported by the bank. 1,220 A customer ordered $1,220 of advertising services to be provided in October. The accountant recorded this service by debiting Accounts Receivable and crediting Service Revenue. 1,280 Starting January 1, BB agreed to pay $1,920 cash to rent the land on which its billboards are located, for the January-December period. The accountant adjusted this account on April 30 but has not adjusted it since. 0 BB still has supplies costing $420 on hand on September 30. 8,400 BB bought scaffolding and billboards in October last year. $ Because the equipment was bought at the beginning of the fiscal year, no depreciation is carried forward from prior years. 2,820 BB purchased and received $2,820 of supplies used for creating advertising displays. The supplier is to be paid in October. 1,770 This balance relates to $1,770 cash paid by a customer in August for advertising from September 1-November 30. BB employees are still waiting to be paid for the last half of September. 320 BB hasn't paid the $320 tax owed from the last fiscal year. 1,310 BB has issued 2,610 shares for $1,310 cash. 4,910 BB started business a few years ago, so this Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Retained Earnings 4,910 Service Revenue 66,820 Salaries and Wages Expense 46,100 Depreciation Expense 0 BB started business a few years ago, so this is the total accumulated earnings up to October 1 of last year. BB has provided $2,620 of services for which it hasn't yet billed customers or recorded in its accounting records. BB employees earn $4,100 per month. The employees were paid in full on August 31, and were paid again on September 15. About $2,100 of the usefulness of the equipment's $8,400 cost has been used up during the current fiscal year. BB incurs a small cost to rent the land on which its billboards are located. Rent for the current year has been paid in full. BB accountant expensed $3,610 of supplies purchased during the year because he assumed the supplies would be completely used by year-end. As noted above, he was wrong. BB tax rate is 20% of income before tax. Rent Expense 640 Supplies Expense 3,610 Income Tax Expense Totals 0 $ 77,950 $ 77,950 2 b 800 Rent Expense Prepaid Rent 800 3 C 2,100 Depreciation Expense Accumulated Depreciation 2,100 4 d Deferred Revenue 590 > Service Revenue 590 5 e Accounts Receivable 2,620 > Service Revenue 2,620 > 6 f 2,050 > Salaries and Wages Expense Salaries and Wages Payable 2,050 7 g 420 Supplies Supplies Expense 420 8 h Income Tax Expense Income Tax Payable Answer is not complete. Cash Accounts Receivable Debit Credit Debit Credit Beginning Balance 16,700 Beginning Balance 1,220 Ending Balance 16,700 Ending Balance 1,220 Prepaid Rent Supplies Debit Credit Debit Credit Beginning Balance 1,280 Beginning Balance 420 X Ending Balance 1,280 Ending Balance 420 Equipment Accumulated Depreciation Debit Credit Debit Credit Beginning Balance 8,400 Beginning Balance 2,100 X Ending Balance 8,400 Ending Balance 2,100