Consider the unadjusted trial balance of London, Inc. at December 31, 2016, and the related month-end adjustment data a (Click the icon to view the month-end adjustment data.) Requirements 1. Using the worksheet, prepare the adjusted trial balance of London, Inc. at December 31, 2016. 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. More Info - X Adjusted Trial Balance Debit Credit Account Cash Accounts receivable Prepaid rent Supplies Trial Balance Work Sheet December 31, 2016 Trial Balance Adjustments Debit Credit Debit Credit 8,600 1,000 2,100 1,800 60,000 3,000 4,000 Adjustment data at December 31, 2016: a. Accrued service revenue at December 31, $3,490. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2016 through February 28, 2017 c. Supplies used during December, $1,320 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 $12,000 will be paid on Friday. Furniture Accumulated depreciation, furniture Accounts payable Salary payable Common stock IIIIIIIIII: Print Done 15,000 UI 36,030 Retained earnings Dividends 3,700 Choose from any list or enter any number in the input fields and then continue to the next question. Consider the unadjusted trial balance of London, Inc. at December 31, 2016, and the related month-end adjustment data (Click the icon to view the month-end adjustment data.) Requirements 1. Using the worksheet, prepare the adjusted trial balance of London, Inc. at December 31, 2016. 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. Furniture 60,000 i More Info - X 3,000 4,000 Accumulated depreciation, furniture Accounts payable Salary payable Common stock Retained earnings Dividends Service revenue Salary expense 15,000 L 36,030 Adjustment data at December 31, 2016: a. Accrued service revenue at December 31, $3,490. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2016 through February 28, 2017. c. Supplies used during December, $1,320. 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 $12,000 will be paid on Friday. 3,700 IIIIDUUUUUUU 23,000 3,300 Rent expense 530 Utilities expense Depreciation expense Print Done Supplies expense 81,030 81,030 Total Choose from any list or enter any number in the input fields and then continue to the next question. IVIUINI Consider the unadjusted trial balance of London, Inc. at December 31, 2016, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Using the worksheet, prepare the adjusted trial balance of London, Inc. at December 31, 2016. The unadjusted balances have been er 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Adjustment data at December 31, 2016: a. Accrued service revenue at December 31, $3,490. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2016 through February 28, 2017. c. Supplies used during December, $1,320. 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 $12,000 will be paid on Friday. LONDON, HIC. Income Statement Month Ended December 31, 2016 Print Done Now prepare the statement of retained earnings Choose from any list or enter any number in the input fields and then continue to the next question. Consider the unadjusted trial balance of London, Inc. at December 31, 2016, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Using the worksheet, prepare the adjusted trial balance of London, Inc. at December 31, 2016. The unadjusted balances have been er 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Adjustment data at December 31, 2016: a. Accrued service revenue at December 31, $3,490. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2016 through February 28, 2017 c. Supplies used during December, $1,320. 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 $12,000 will be paid on Friday. Review the adjusted trial balance completed in Requirement 1. London, Inc. Statement of Retained Earnings Month Ended December 31, 2016 Print Done Add: Subtotal Less: Finally, prepare the balance sheet. (If a box is not used in the statement leave the box empty, do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. London, Inc. Balance Sheet Choose from any list or enter any number in the input fields and then continue to the next question. i More Info - X Consider the unadjusted trial balance of London, Inc. at December 31, 2016, and the related month-end adjustment data (Click the icon to view the month-end adjustment data.) Requirements 1. Using the worksheet, prepare the adjusted trial balance of London, Inc. at December 31, 2016. The unadjusted balances have been er 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Adjustment data at December 31, 2016: a. Accrued service revenue at December 31, $3,490. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $2,100 relates to the period December 1, 2016 through February 28, 2017 c. Supplies used during December, $1,320. 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 $12,000 will be paid on Friday. London, Inc. Balance Sheet December 31, 2016 Assets Liabilities Print Done Stockholders' Equity Less: Choose from any list or enter any number in the input fields and then continue to the next