Complete the F Shop worksheet from Adjustments until Statement of Financial

Position, then, make the financial statements (Income Statement, Retained Earnings Statement, and

Statement of Financial Position) and finally complete the closing entry

Following adjustment data at December 31, 2019 are:

1. The photocopy machines depreciate 60 per month. The machine bought on June 30 2019

2. Interest from note payable 50 per month is accrued (not yet paid). The note payable is issued

on Sept 1

3. The supplies on hand on Dec 31 2018 was 400

4. The insurance policy paid on Sept 3 is for a year

5. The prepaid rent paid on June 1 is for a year

6. Salaries of 300 are accrued and unpaid at Dec 30

7. Caldera performed half of the unearned revenue.

Chart of Account No Account Name 101 Cash 112 Account Receivable 121 Supplies 130 Prepaid Rent 132 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation - Equipment No Account Name No Account Name 201 Account Payable 410 Selling Expense 211 Salaries and wages payable 501 Insurance Expense 221 Unearned Service Revenue 711 Interest Expense 231 Interest Payable 721 Rent Expense 301 Share Capital 531 Depreciation Expense 302 Dividend 541 Supplies Expense 40 Service Revenue 511 Interest Expense 0 Chart of Account No Account Name 101 Cash 112 Account Receivable 121 Supplies 130 Prepaid Rent 132 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation - Equipment No Account Name No Account Name 201 Account Payable 410 Selling Expense 211 Salaries and wages payable 501 Insurance Expense 221 Unearned Service Revenue 711 Interest Expense 231 Interest Payable 721 Rent Expense 301 Share Capital 531 Depreciation Expense 302 Dividend 541 Supplies Expense 40 Service Revenue 511 Interest Expense 0