Click the icon to view the month-end adjustment data.) equirements 1. Prepare the adjusted trial balance of Kings, 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 Prepaid rent 1,800 Supplies 2.300 Funiture 69,000 Accumulated depreciation-furniture 3.400 Accounts payable 3,000 Salary payable Common stock 15.000 Retained earnings 47,080 Dividends 4.000 Service revenue 22,200 Salary expense 2.700 Rent expense Us expense 480 Depreciation expense-fumiture Supplies expense 90,680 90.580 Total Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All you. Rey each adjusting entry by letter. ement of retained earings, and the classified balance sheet. i More Info Adjustment data at December 31, 2020: a. Accrued service revenue at December 31, $2,710. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $1,800 relates to the period December 1, 2020 through February 28, 2021. c. Supplies used during December, $1,850. 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 s and then click Check Answer. late the adjusted balance of each account and total the debit a Kings, Inc. Trial Balance Work Sheet December 31, 2020 Trial Balance Adjustments Debit Credit Debit Credit 8,700 1,700 Account 1,800 Cash Accounts receivable Prepaid rent Supplies Fumiture Accumulated depreciation-furniture Accounts payable Salary payable Common sterk 2,300 69,000 3,400 3,000 15 00 Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Cle Common stock Retained earnings 15,000 47,080 Dividends 4,000 Service revenue 22,200 2,700 Salary expense Rent expense Utilities expens Depreciation expense-furniture Supplies expense 480 Total 90,680 90,680 Choose from any list or enter any number in the input fields and then click Check Answer 5 parts remaining Revenue Service revenue Expenses Choose from any list or enter any number in the input fields and then continue to the next question Add: Subtotal Less Choose from any list or enter any number in the input fields and then Assets Current assets: Choose from any list or enter any number in the input fields and then continue to the balance sheet Liabilities Stockholders' Equity Stockholders' Equity Common stock | II Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Choose from any list or enter any number in the input fields and then