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Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to keep the

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Bill's 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. Return to Required: Prepare the adjusting journal entries for the year ended September 30. (If no entry is required for a transaction/ever "No Journal Entry Required" in the first account field.) Post the beginning balances and adjusting entries to the following T-accounts: x Answer is not complete. \begin{tabular}{|l|c|c|c|} \hline \multicolumn{2}{|c|}{ Equipment } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{c|}{ Credit } \\ \hline Beginning Balance & 8,400 & & \\ \hline & & 8,400 & \\ \hline & & & \\ \hline Ending Balance & & 0 & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \hline Beginning Balance & 620 & 58,950 & \\ \hline & & 460 & \\ \hline & & 2,820 & \\ \hline & & & \\ \hline Ending Balance & & 61,610 & \\ \hline & & \\ \hline \end{tabular} Required: Prepare an adjusted trial balance as of September 30 . Required: Prepare an income statement for the year ended September 30. Rrepare a classitied balance sneet for the year ended September 30 . (Amounts to be deducted should be indicated by a minus sign.)

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