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can you please answer the questions in order and also make similar boxes and columns as the quesions so it can make it easy answering
can you please answer the questions in order and also make similar boxes and columns as the quesions so it can make it easy answering the questions. Thank you!
Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter Prepare the single-step monthly income statement, the statement of retained earings, and the classified balance sheet. Requirement 1. Using the worksheet, prepare the adjusted trial balance of Fabuloso Inc, December 31, 2020. The unadjusted balances have been entered for you Key each adjusting entry by letter Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance Fabuloso, Inc Trial Balance Work Sheet December 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Account Debit Credit Debit Credit Debit Credit 8.600 Accounts receivable 1.700 Prepaid rent 2,700 Supplies 1,900 17 Cash Choose from any list or enter any number in the input fields and then continue to the next question Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet Supplies 1,900 Furniture 57,000 Accumulated depreciation-furniture 3,600 Accounts payable 3,200 Salary payable Common stock 10,000 Retained earnings 37.400 Dividends 4,400 Service revenue 25,800 Salary expense 3,200 Rent expense Utilities expense 500 Depreciation expense-furniture Choose from any list or enter any number in the input fields and then continue to the next question Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by le 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Service revenue 25,800 Salary expense 3,200 Rent expense 500 Utilities expense Depreciation expense-furniture Supplies expense 80,000 80,000 Total Requirement 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Begin by preparing the income statement. (If a box is not used in the statement leave the box empty, do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. Fabuloso, Inc. Choose from any list or enter any number in the input fields and then continue to the next question. Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjustin 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet Review the adjusted trial balance completed in Requirement 1. Fabuloso, Inc. Income Statement Month Ended December 31, 2020 Choose from any list or enter any number in the input fields and then continue to the next question Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet Review the adjusted trial balance completed in Requirement 1. Fabuloso, Inc. Statement of Retained Earnings Month Ended December 31, 2020 Add: Subtotal LOSS: Finally, prepare the balance sheet. (If a box is not used in the statement leave the box empty: do not select a label or enter a zero) Review the adjusted trial balance completed in Requirement 1 Choose from any list or enter any number in the input fields and then continue to the next question Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each ad_ 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet Finally, prepare the balance sheet. (if a box is not used in the statement leave the box empty: do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. Fabuloso, Inc. Balance Sheet December 31, 2020 Assets Liabilities 11 Choose from any list or enter any number in the input fields and then continue to the next question. Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Fabuloso, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entryb 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. December 31, 2020 Assets Liabilities Stockholders' Equity Les Choose from any list or enter any number in the input fields and then continue to the next question Dece stat X More Info embel Adjustment data at December 31, 2020: a. Accrued service revenue at December 31, $3,950. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,700 relates to the period December 1, 2020 through February 28, 2021 c. Supplies used during December, $1,580. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $14,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday Print Done Step by Step Solution
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