Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2020, and the related month-end adjustment data.

Requirements 1. Prepare the adjusted trial balance of Fabuloso, 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.

i X - More Info Adjustment data at December 31, 2020: a. Accrued service revenue at December 31, $3,010. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2020 through February 28, 2021. C. Supplies used during December, $1,780. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $26,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Print Done December 31, 2020 Trial Balance Debit Credit Adjustments Account Credit Cash 8,700 Debit UI IN Accounts receivable 1,000 2,100 Prepaid rent Supplies 2,100 81,000 3,800 3,700 O Furniture Accumulated depreciation-furniture Accounts payable Salary payable Common stock Retained earnings Dividends 10,000 61,660 3,900 Service revenue 22,800 2,700 Salary expense Rent expense Utilities expense 460 Depreciation expense-furniture Supplies expense 101,960 101,960 Total