Consider the unadjusted trial balance of Lady, Inc. at December $31,2023,$ and the related month$-$end adjustment data.

$($Click the icon to view the month$-$end adjustment data.$)$

Requirements

Prepare the adjusted trial balance of Lady, Inc. at December $31,2023.$ The unadjusted balances have been entered for you. Key each adjusting entry by letter.

Prepare the single$-$step monthly income statement, the statement of retained earnings, and the classified balance sheet.

Requirement $1.$ Using the worksheet, prepare the adjusted trial balance of Lady, Inc., at December $31,2023.$ The unadjusted balances have been entered for you. Key eac

adjusting entry by letter.

Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance.

Lady, Inc.

Trial Balance Work Sheet

December $31,2023$

More info

Adjustment data at December $31,2023$:

a$.$ Accrued service revenue at December $31,$ $$2,760.$

b$.$ Prepaid rent expired during the month. The unadjusted prepaid balance of $$1,800$ relates to the period

December $1,2023$ through February $28,2024.$

c$.$ Supplies used during December, $$2,020.$

d$.$ Depreciation on furniture for the month. The estimated useful life of the furniture is five years.

e$.$ Accrued salary expense at December $31$ for Monday, Tuesday and Wednesday. The five$-$day weekly

payroll of $$16,000$ will be paid on Friday. For the purpose of this calculation, assume December $31$ falls

on a Wednesday.

Lady, Inc.

Trial Balance Work Sheet

December $31,2023$