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Saved Help Save & E Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's reporting year-end. The company uses the perpetual inventory system. Credits Debits 81725 27,500 @ @ @ 67,500 85,000 Account Title Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utility expense Totals 11,050 36,5ee 5,00 31,500 125,000 20, 250 9,375 260,000 135,000 56, 350 18,200 2,400 6,250 489,300 489,300 Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2019 and is being depreciated using the straight-line method over an eight-year useful life with no salvage value. 2. Accrued salaries at year end should be $7.500. 3. The company borrowed $31,500 on September 1, 2021. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10%. 4. The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $600. CE Saved Help Save & Exc Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2019 and is being depreciated using the straight-line method over an eight-year useful life with no salvage value. 2. Accrued salaries at year-end should be $7,500. 3. The company borrowed $31,500 on September 1, 2021. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10%. 4. The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $600. 5. Prepaid rent at year-end should be $1,350. 1. Complete the worksheet below. 2-a. Use the information in the worksheet to prepare an income statement for 2021. 2-b. Use the information in the worksheet to prepare a statement of shareholders' equity for 2021. 2-c. Use the information in the worksheet to prepare a balance sheet as of December 31, 2021. 3. Prepare the necessary closing entries assuming that adjusting entries have been correctly posted to the accounts. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2c Reg 3 Complete the worksheet below. Income Statement Adjusting Entries Balance Sheet Adjusted Trial Balance Dr. Cr. Account Title Cr. . Dr. Dr. Cr Dr. Cr. Unadjusted Trial Balance Dr. Cr. $ 81,725 27,500 Cash S 81,725 27,500 Accounts receivable Ann Ann Sistine Newt Jumap/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fwww.blackboard.odu.edu/%252Fwebapps%252Fblackboard%252Fexecute%252Fb. Fire Red hack Pok. 0 Emerald hack: Poke. Live Louisiana Tech... Pingu Season 2 Epi... Youth Central Cover... W. Search results for f Wholesale Glass Co... PORTEK - A.. Saved LUPELE E VUISTEEL veuw. Help Save & Exit Sut Account Title Adjusting Entries Income Statement Balance Sheet Unadjusted Trial Balance Dr. Cr. $ 81,725 27.500 Dr. Cr. Dr. Dr. Cr Adjusted Trial Balance Dr Cr. $ 81,725 27.500 600 1,350 67,500 85,000 600 1,350 67,500 85,000 Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Common stock Retained earnings Dividends $ 11,050 36,500 5,000 31,500 0 125,000 20.250 9,375 Sales revenue 260,000 135,000 Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utilities Expense Depreciation expense 56.350 18,200 2.400 6,250 search DOLL Chegg G dog po x Lom/ext/map/index.html?_con=con&external browser=0&launchUrlhttps%253A%252F%252Fwww.blackboard.edu.edu/%252Fwebapps%252Fblackboard%252Fexecute2526 FireRed hack: Pok... | Emerald hat k Live Louisiana Tech... B Pingu Season 2 Epi... Youth Central Cover w. Search results for Wholesale Glass Co Content x RTEK - A Saved Help Save & Exit 67 500 85,000 67,500 85.000 $ 11,050 36,500 5,000 31,500 0 0 125,000 20,250 Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utilities Expense Depreciation expense 9.375 260,000 135 000 56,350 18,200 2,400 6,250 $ 0 0 $ 0 $ 0 $ 0 Net income Totals $ 489,300 S 489.300 $ 1,950 $ 0 S 263,675 $ 0 $ 0 $ 0 $ 0 0 S K Reg Req 2A > ch Saved Help Save & E Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's reporting year-end. The company uses the perpetual inventory system. Credits Debits 81725 27,500 @ @ @ 67,500 85,000 Account Title Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utility expense Totals 11,050 36,5ee 5,00 31,500 125,000 20, 250 9,375 260,000 135,000 56, 350 18,200 2,400 6,250 489,300 489,300 Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2019 and is being depreciated using the straight-line method over an eight-year useful life with no salvage value. 2. Accrued salaries at year end should be $7.500. 3. The company borrowed $31,500 on September 1, 2021. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10%. 4. The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $600. CE Saved Help Save & Exc Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2019 and is being depreciated using the straight-line method over an eight-year useful life with no salvage value. 2. Accrued salaries at year-end should be $7,500. 3. The company borrowed $31,500 on September 1, 2021. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10%. 4. The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $600. 5. Prepaid rent at year-end should be $1,350. 1. Complete the worksheet below. 2-a. Use the information in the worksheet to prepare an income statement for 2021. 2-b. Use the information in the worksheet to prepare a statement of shareholders' equity for 2021. 2-c. Use the information in the worksheet to prepare a balance sheet as of December 31, 2021. 3. Prepare the necessary closing entries assuming that adjusting entries have been correctly posted to the accounts. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2c Reg 3 Complete the worksheet below. Income Statement Adjusting Entries Balance Sheet Adjusted Trial Balance Dr. Cr. Account Title Cr. . Dr. Dr. Cr Dr. Cr. Unadjusted Trial Balance Dr. Cr. $ 81,725 27,500 Cash S 81,725 27,500 Accounts receivable Ann Ann Sistine Newt Jumap/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fwww.blackboard.odu.edu/%252Fwebapps%252Fblackboard%252Fexecute%252Fb. Fire Red hack Pok. 0 Emerald hack: Poke. Live Louisiana Tech... Pingu Season 2 Epi... Youth Central Cover... W. Search results for f Wholesale Glass Co... PORTEK - A.. Saved LUPELE E VUISTEEL veuw. Help Save & Exit Sut Account Title Adjusting Entries Income Statement Balance Sheet Unadjusted Trial Balance Dr. Cr. $ 81,725 27.500 Dr. Cr. Dr. Dr. Cr Adjusted Trial Balance Dr Cr. $ 81,725 27.500 600 1,350 67,500 85,000 600 1,350 67,500 85,000 Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Common stock Retained earnings Dividends $ 11,050 36,500 5,000 31,500 0 125,000 20.250 9,375 Sales revenue 260,000 135,000 Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utilities Expense Depreciation expense 56.350 18,200 2.400 6,250 search DOLL Chegg G dog po x Lom/ext/map/index.html?_con=con&external browser=0&launchUrlhttps%253A%252F%252Fwww.blackboard.edu.edu/%252Fwebapps%252Fblackboard%252Fexecute2526 FireRed hack: Pok... | Emerald hat k Live Louisiana Tech... B Pingu Season 2 Epi... Youth Central Cover w. Search results for Wholesale Glass Co Content x RTEK - A Saved Help Save & Exit 67 500 85,000 67,500 85.000 $ 11,050 36,500 5,000 31,500 0 0 125,000 20,250 Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utilities Expense Depreciation expense 9.375 260,000 135 000 56,350 18,200 2,400 6,250 $ 0 0 $ 0 $ 0 $ 0 Net income Totals $ 489,300 S 489.300 $ 1,950 $ 0 S 263,675 $ 0 $ 0 $ 0 $ 0 0 S K Reg Req 2A > ch