Answered step by step
Verified Expert Solution
Question
1 Approved Answer
COMPLETE ALL . will upvote . thank you :D x Requirements 1. Prepare the adjusting entries and post to the accounts. T-accounts have been opened
COMPLETE ALL
x Requirements 1. Prepare the adjusting entries and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. 2. Prepare an adjusted trial balance. 3. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 4. Prepare the closing entries, and post to the accounts. 5. Prepare a post-closing trial balance. 6. Calculate the current ratio for the company. Print Done 1 - Data Table Whitticker Anvils Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $ 8,820 Accounts Receivable 17,000 Prepaid Rent 2.680 Office Supplies 1.900 Equipment 31,000 Accumulated Depreciation-Equipment 3,000 Accounts Payable 6,400 Salaries Payable Unearned Revenue 6,800 Common Stock 18,000 Retained Earnings 10,000 Dividends 3,80 Service Revenue 24.000 Salaries Expense 3.000 Rent Expense Depreciation Expense-Equipment Supplies Expense 68,200 $ 68,200 Total Print Done More Info Adjustment data: a. Unearned Revenue still unearned at December 31, $2,800. b. Prepaid Rent still in force at December 31, $2,500. c. Office Supplies used, $500. d. Depreciation, $340. e. Accrued Salaries Expense at December 31, $250. Print Done . will upvote . thank you :D
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started