complete the requirements and prepare the statements

The underlace of Fame Invest Advisors at December 31, 2024. follow lock the icon to the noted table Mata December 31, 2024 che con la web Rothermen Requirement 1. Prepare a worksheet for mer investment Alvers at December 31, 2024 The adjusted balances have been entered for you in the trial columns of the worksheet Complete the worksheet one section at a time beginning with the section the adjutants along with the adjustment hotter references to the columns as appropriate. In the following step, complete the Adria Balance aty, complete the worshetty preparing the Income Statement and wance Sheet columna Be sure to calculate the debts and credits in each step Cho the con View the tone) Farmer Investment Advisers Worksheet December 31, 2024 Adjusted Adjustments Trial Balance Debit Credit Debi Credit Income Statement Balance Sheet Acct Title Debit Credit Dobit Credit Unadjusted Thal Balance Debit Credit 14.000 13.000 4.000 24.000 TH000 AR Office Equipment ADE Data Table Farmer Investment Advisers Unadjusted Trial Balance December 31, 2024 Account Title Cash Balance Debit Credit 34.000 43,000 $ Accounts Receivable 4,000 24,000 $ 18,000 Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Farmer, Capital 17.000 0 6,000 23,000 16,000 Print Done Data Table TOUUU 17.000 0 Accumularea vepreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Farmer, Capital 6,000 23.000 16.000 26,000 Farmer, Withdrawals Service Revenue 97,000 2.000 30,000 Insurance Expense Salaries Expense Supplies Expense Interest Expense 0 3,000 Rent Expense 11,000 0 Depreciation Expense-Equipment Total $ 177,000 $ 177,000 Print Done All Question 17 > This Test: 100 pts possible tment Advisers at December 31, 2024, follows: al balance) Adjustment data at December 31, 2024 Click the icon to view the adjustments.) Read the requirements mer Investment Advisers at December 31, 2024 for you in the trial balance columns of the worksheet Complete the wod referencesa) e Sheet columns More Info used.) heat one section at a time beginning with The Adjusted Trial Be - X Farmer In a. b. Decel c Unearned Revenue earned during the year, $900. Office Supplies on hand $3,000 Depreciation for the year, S5,000. Accrued Salaries Expense, $6,000 Accrued Service Revenue, $8,000. d. e. Adjustments Debit Credit Print Done 3 4 5 6 7 8 9 Read the requirements #Dalalle To Do LATTUTTE ST Acct. Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash JLI AR 34,000 43,000 4.000 Office Supp 24.000 Equipment A/D-Equip AP 19,000 17,000 Salaries Pay 6.000 23,000 Uncam Rev NIP (1) Farmer Cap Farmer, W/D Service Rev 16,000 26.000 97,000 2,000 Ins. Exp Salaries Exp 30,000 Ins. Ex 2.000 Salaries Exp 30,000 Supplies Exp Interest Exp 3.000 Mente 11,000 Dept END 177.000 177.000 Total Not income or loss Requirement 2. Prepare the income statement, the statement of owner's equity, and the closelled balance sheet in account format. Assumo men were no contributions made by the owner during the Begin by preparing the income statement Review the income Statement come of the worksheet completed in Requirement1 Farmer Investment Advisors Income Statement Year Ended December 11, 2024 Farmer istment Advisors Income Statement Year Ended December 31, 2024 Prepare the owner's guity Assumencebutions made by the during the year. Tror anyos na prior to the total and any decreases to capital below the styles for the period from the contest U Read the requirements Have the sheet of what comes Recent Farmer investment Advisers Sant of Owner's Equity Year Ended December 31, 2024 Farmer Capitol 1.2024 Fame Cat, December 31, 2004 Prepare the class bance sheet in account format on December 31, 2004. (a boxsted in the balance have the box empy, do not sota label or enter Abone od ion Koptupnet) Review the Balance Sheet columns of the worst come in Regent Relow the sum of Owner's Equity come above Farmer investment Advisers Balance Sheet December 11, 2024 Read the requirements Farmer Investment Advisers Balance Sheet December 31, 2024 Assets Liabilities Less: Owner's Equity Requirement 3. Prepare closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Kead the teams Requirement 3. Prepare closing entries (Record debits first, then credits, Select the explanation on the last line of the journal entry table.) Start by closing revenues. Review the Income Statement columns of the worksheet completed in Requirement 1 Date Accounts and Explanation Debit Credit Dec 31 Clos (1) Close expenses for the period Review the Income Statement columns of the worksheet completed in Requirement 1. Date Accounts and Explanation Debit Credit Dec 31 Clos (2) Read the Clos. (2) Close Income Summary Review the Income Statement columns of the worksheet completed in Requirement 1. Date Accounts and Explanation Debit Credit Dec 31 Clos (3) Close withdrawals. Read the e Close Income Summary Review the income Statement columns of the worksheet completed in Requirement 1. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (3) Close withdrawals. Review the Balance Sheet columns of the worksheet completed in Requirement 1 Date Accounts and Explanation Debit Credit Dec 31 Clos (4)