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Can you help please I attached a copy of what I need help with, so if you can please it would mean a lot. The

Can you help please I attached a copy of what I need help with, so if you can please it would mean a lot.

image text in transcribed The unadjusted trial balance or R. Tryon, Consultant is entered on the partial worksheet below. Write the adjusting entries in proper format and Complete the work sheet using the following information: a) Salaries earned by employees that are unpaid and unrecorded, $500. b) An inventory of supplies showed $800 of unused supplies still on hand. c) Depreciation on equipment, $1,300. Grading: Each number entered is worth 2pts. R. Tryon, Consulting Work Sheet For the year ended December 31,20XX Account Cash Supplies Equipment Accum. Depr. Equipment Accounts Payable Salaries Payable R. Tryon, Capital R. Tryon, Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Totals Net Income Totals Unadjusted Trial Balance Debit Credit 14,000 1,000 11,000 2,000 500 Adjustments Debit Credit Adjusted Trial Balance Debit 6,500 1,500 30,000 7,500 4,000 39,000 General Journal 39000 2,000 2,000 40,800 Adjusting entries Debit Salary expense Salaries Payable To record salaries earned but not yet paid Supplies expense Supplies to record Supplies used Depreciation Expense Accum. Deprec. - Equip. to record depreciaiton on equipment Credit owing information: till on hand. nsulting eet cember 31,20XX Adjusted Trial Balance Credit 40,800 Income Statement Debit Credit Balance Sheet and Statement of Owners Equity Debit Credit R. Tryon Consulting Adjusted Trial Balance December 31,20XX Cash Supplies Equipment Accum. Depr. Equipment Accounts Payable Salaries Payable R. Tryon, Capital R. Tryon, Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Totals $14,000 800 11,000 $3,300 500 500 6,500 1,500 30,000 8,000 4,000 200 1,300 $40,800 $40,800 Required: 1-Prepare the Income Statement, Statement of Owners Equity and Balance Sheet. 2- Prepare the closing entries 3- Prepare the post-closing trial balance. 2 pts. for each entry. R. Tryon Consulting Income Statement For the Year ended December 31, 20XX Fees Earned Salary expense Rent Expense Supplies Expense Depreciation Expanes Net Income R. Tryon Consulting Statement of Owner's Equity For the Year ended December 31, 20XX R. Tryon, Capital, Jan. 1, 20XX Plus: Net Income Deduct: R. Tryon, Withdrawals R. Tryon Capital, Dec. 31, 20XX R. Tryon Consulting Balance Sheet December 31, 20XX Assets Cash Supplies Equipment Less:Accumulated Depreciation Total Assets Liabilities Accounts Payable Salaries Payable Total Liabilities Equity R. Tryon, Capital Total Liabilities & Owners Equity Closing Entries: Dec.31 Fees Earned Income Summary To close revenues to income summary Income Summary Salary Expense Rent Expense Supplies Expense Depreciation Expense To close expenses to income summary R. Tryon Capital Income Summary To close Income summary to capital R. Tryon, Withdrawals R. Tryon, Capital To close withdrawals to capital R. Tryon Consulting Balance Sheet December 31, 20XX Cash Supplies Equipment Accum. Depr. Equipment Accounts Payable Salaries Payable R. Tryon, Capital Totals

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