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Completing the accounting cycle from adjusting entries to post-closing p.2 trial balance with an optional worksheet wsadjuerted trial balance of Walton Anvils at December 31,2018,

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Completing the accounting cycle from adjusting entries to post-closing p.2 trial balance with an optional worksheet wsadjuerted trial balance of Walton Anvils at December 31,2018, and the daa for worksheetusting entries to p Learning Objectives t 4, 5, 6 the adjustments follow: 5 Net income $18.890 W VILS Unadjusted Trial Balance December 31, 2018 ALTON AN Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Debit Credit s 13,480 14.500 2,320 1,700 23,000 Accumulated De Accounts Payable Salaries Payable Unearned Revenue Walton, Capital Walton, Withdrawals Service Revenue Salaries Expense Rent Expense s 1,000 7,100 6,000 28,500 4,600 19,500 2,500 preciation Expense-Equipment Supplies Expense Total s 62,100 62.100 Adjustment data a. Unearned Revenue still unearned at December 31, $1,800. b. Prepaid Rent still in force at December 31, $2,100 c. Office Supplies used, $1,500. d. Depreciation, $390 e. Accrued Salaries Expense at December 31, $200 Requirements 1. Open the Taccounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2018 (optional. 3. Prepare the adjusting entries, and post to the accounts. 4. Prepare an adjusted trial balance 5. Prepare the income s balance sheet in report form. Assume that there were no contributions made by the owner during the year tatement, the statement of owner's equity,and the classified

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