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Consider the unadusted tria belance of Princess, inc. at Deosmber 31, 20e3, and the relased month-mid adjustrnent data. (B) (Click the ioon to view the
Consider the unadusted tria belance of Princess, inc. at Deosmber 31, 20e3, and the relased month-mid adjustrnent data. (B) (Click the ioon to view the mocth-end adisisirsant dotil) Requirements 1. Prepare the adjusted trial balance of Princess, inc. at Docember 31, 2023. The unadjusted balances have been enterad for yeu, Kiy anch adjuatng antry by lettar. 2. Prapare the tingle-alep monthy income statement, the statemect of retained eamings, and the classifed balanon sheot. Requirement 1. Using me wonaheet, preoare the adjusted trial belanoe of Princess, Inc, at December 31, 2023. The unadjusted balances have been antered for you. Key aech adjusting ahiry by ietter Calculate the lodal cebits and crodts. Then caiculate the adjeated baiance of each account and total the debit and crefit columna in the acjustod tris balianse. Consider the unadjusted trial balance of Princess, Inc, at December 31, 2023, and the related month-end adjustment data: Calculator e adlusted trial balance of Princess, Inc, at December 31, 2023. The unadiusted balances have been entered for you, Kev each a 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, 202l 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 woekly payroll of $15,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday
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