Data Table i Requirements X Wolfe Anvils Unadjusted Trial Balance December 31, 2016 Balance 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. 2. Prepare an adjusted trial balance. 3. Complete the worksheet for the year ended December 31, 2016. 4. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year. 5. Prepare the closing entries, and post to the accounts. 6. Prepare a post-closing trial balance. 7. Calculate the current ratio for the company. Account Title Debit Credit Cash $ 15,210 13,500 Accounts Receivable 1.690 1.700 32.000 Print Done Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable $ 6,000 6,500 ccna Debit Credit Index explanation Print Done nput fields and then continue to the next question. * ENG 9:01 AM 12/24/2020 Time Remaining: 01:47:42 This Test: i Data Table - X 32,000 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable 6,000 6,500 Unearned Revenue 6,600 33,000 Wolfe, Capital Wolfe. Withdrawals 3,000 Service Revenue 18,000 3.000 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense $ 70.100 $ 70,100 Total Print Done 9:12 (8) (x ENG 12/24 Data Table The unadjusted trial balance of Wolfe Anvils at December 31, 2016, and the data for the adjustments follow: E (Click the icon to view the unadjusted trial balance.) Wolfe Anvils Requirement 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the bala Unadjusted Trial Balance December 31, 2016 Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the Balai a. Unearned Revenue still unearned at December 31, $4,600. Account Title Debit Date Accounts and Explanation Debit Credit Cash $ 15,210 Dec. 31 Accounts Receivable 13,500 Adj. (a) 1,690 1,700 32,000 Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable b. Prepaid Rent still in force at December 31, $1,500 Date Accounts and Explanation Debit Credit Honda Dar 31 Print Done Done Choose from any list or enter any number in the input fields and then continue to the next question. Data Table i Requirements X Wolfe Anvils Unadjusted Trial Balance December 31, 2016 Balance 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. 2. Prepare an adjusted trial balance. 3. Complete the worksheet for the year ended December 31, 2016. 4. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year. 5. Prepare the closing entries, and post to the accounts. 6. Prepare a post-closing trial balance. 7. Calculate the current ratio for the company. Account Title Debit Credit Cash $ 15,210 13,500 Accounts Receivable 1.690 1.700 32.000 Print Done Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable $ 6,000 6,500 ccna Debit Credit Index explanation Print Done nput fields and then continue to the next question. * ENG 9:01 AM 12/24/2020 Time Remaining: 01:47:42 This Test: i Data Table - X 32,000 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable 6,000 6,500 Unearned Revenue 6,600 33,000 Wolfe, Capital Wolfe. Withdrawals 3,000 Service Revenue 18,000 3.000 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense $ 70.100 $ 70,100 Total Print Done 9:12 (8) (x ENG 12/24 Data Table The unadjusted trial balance of Wolfe Anvils at December 31, 2016, and the data for the adjustments follow: E (Click the icon to view the unadjusted trial balance.) Wolfe Anvils Requirement 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the bala Unadjusted Trial Balance December 31, 2016 Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the Balai a. Unearned Revenue still unearned at December 31, $4,600. Account Title Debit Date Accounts and Explanation Debit Credit Cash $ 15,210 Dec. 31 Accounts Receivable 13,500 Adj. (a) 1,690 1,700 32,000 Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable b. Prepaid Rent still in force at December 31, $1,500 Date Accounts and Explanation Debit Credit Honda Dar 31 Print Done Done Choose from any list or enter any number in the input fields and then continue to the next