Consider the unadjusted trial balance of Princess, Inc. at December 31, 2023, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Princess, Inc. at December 31, 2023. 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. Requirement 1. Using the worksheet, prepare the adjusted trial balance of Princess, Inc., at December 31, 2023. The unadjusted balances have been entered for you. Key each 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. Princess, Inc. Trial Balance Work Sheet December 31, 2023 Trial Balance Adjustments Account Debit Credit Debit Credit Cash Accounts receivable Prepaid rent 9,400 2,200 1,200 Supplies 2,600 2900 400 2160 Furniture 48,000 Accumulated depreciation-furniture 3,900 800 Accounts payable 3,800 12000 Salary payable Common stock 6,000 Retained earnings 32,210 Dividends 3,800 2900 Service revenue 25,100 Salary expense Rent expense 3,300 12000 400 Utilities expense Depreciation expense-furniture Supplies expense Total 510 800 2160 71,010 71,010 18260 18260 More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31, $2,980. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $1,200 relates to the period December 1, 2023 through February 28, 2024. c. Supplies used during December, $2,160. 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 $15,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Print Done