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Data Table - The unadjusted trial balance of Farrell Investment Advisers at December 31, 2024, follows: (Click the icon to view the unadjusted trial balance.)
Data Table - The unadjusted trial balance of Farrell Investment Advisers at December 31, 2024, follows: (Click the icon to view the unadjusted trial balance.) Requirements 1. Prepare a worksheet for 2. Prepare the income state format. 3. Prepare closing entries. Adjustment data at December 31, 2024: (Click the icon to view the adjustments.) Salaries Payable Unearned Revenue 3,000 Year Ended December 31, 2024 20,000 Notes Payable (long-term) Common Stock Revenues: 19,000 Service Revenue More Info Retained Earnings 8,000 Dividends 27,000 Service Revenue 90,000 a. 2,000 2,000 4,000 b. Expenses: Supplies Expense Insurance Expense Interest Expense Salaries Expense Depreciation Expense-Equipment Rent Expense Total Expenses Unearned Revenue earned during the year, $100. Office Supplies on hand, $5,000. Depreciation for the year, $4,000. Accrued Salaries Expense, $4,000. Accrued Service Revenue, $5,500. 30,000 c d. Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense 4,000 6,000 e. 4,000 6,000 51,000 Print Done Depreciation Expense-Equipment Net Income (Loss) $ 171,000 $ 171,000 Total
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