EF4-17 (similar to) The adjusted trial balance for Northeast Advertising Services is presented below (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Northeast Advertising Services Income Statement Year Ended December 31, 2024 Net Income (Loss) Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts remaining rain EF4-20 (similar to) The unadjusted trial balance of Telecom Solution and additional information at November 30, 2024, follows: (Click the icon to view the trial balance.) (Click the icon to view the additional information.) Requirements 1. Complete Telecom Solution's worksheet for the month ended November 30, 2024. 2. How much was net income for November? Requirement 1. Complete Telecom Solution's worksheet for the month ended November 30, 2024 Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by letter. Then complete the adjusted balances columns of the worksheet. (Abbreviations used. Acc. Depr. = Accumulated Depreciation, Equip. = Equipment) Telecom Solution Worksheet November 30, 2024 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Cash S 4,000 Accounts Receivable 3,400 1,600 3.700 32.700 1.700 5,600 Prepaid Rent Office Supplies Equipment Acc. Depr.-Equipment Accounts payable Salaries Payable Proenza Capital Proenza, Withdrawals Service Revenue Depreciation Expense Equip Salaries Expense Rent Expense Utilities Expense 35,700 2,700 - 8,300 2.300 900 Supplies Expense S 51,300 S 51,300 Choose from any list or enter any number in the input fields and then click Check Answer Clear All 4 parts remaining Score: 0 of 1 pt 3 of 4 (0 complete) EF4-22 (similar to) The adjusted trial balance of Summers Sign Company follows (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Summers Sign Company has a January 31 year-end Joumalize Summers' closing entries at January 31 2. How much net income or net loss did Summers Sign Company ear for the year ended January 31? How can you tell? Requirement 1. Assume Summers Sign Company has a January 31 year-end Journalice Summers' closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) First, we will close the Service Revenue account Date Accounts and Explanation Debit Credit Jan. 31 Homework: Chapter F:4 Lab Score: 0 of 1 pt EF4-25 (similar to) Maurice's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the closing entries for Maunce's Bowling Alley (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (1) EF4-17 (similar to) The adjusted trial balance for Northeast Advertising Services is presented below (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Northeast Advertising Services Income Statement Year Ended December 31, 2024 Net Income (Loss) Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts remaining rain EF4-20 (similar to) The unadjusted trial balance of Telecom Solution and additional information at November 30, 2024, follows: (Click the icon to view the trial balance.) (Click the icon to view the additional information.) Requirements 1. Complete Telecom Solution's worksheet for the month ended November 30, 2024. 2. How much was net income for November? Requirement 1. Complete Telecom Solution's worksheet for the month ended November 30, 2024 Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by letter. Then complete the adjusted balances columns of the worksheet. (Abbreviations used. Acc. Depr. = Accumulated Depreciation, Equip. = Equipment) Telecom Solution Worksheet November 30, 2024 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Cash S 4,000 Accounts Receivable 3,400 1,600 3.700 32.700 1.700 5,600 Prepaid Rent Office Supplies Equipment Acc. Depr.-Equipment Accounts payable Salaries Payable Proenza Capital Proenza, Withdrawals Service Revenue Depreciation Expense Equip Salaries Expense Rent Expense Utilities Expense 35,700 2,700 - 8,300 2.300 900 Supplies Expense S 51,300 S 51,300 Choose from any list or enter any number in the input fields and then click Check Answer Clear All 4 parts remaining Score: 0 of 1 pt 3 of 4 (0 complete) EF4-22 (similar to) The adjusted trial balance of Summers Sign Company follows (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Summers Sign Company has a January 31 year-end Joumalize Summers' closing entries at January 31 2. How much net income or net loss did Summers Sign Company ear for the year ended January 31? How can you tell? Requirement 1. Assume Summers Sign Company has a January 31 year-end Journalice Summers' closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) First, we will close the Service Revenue account Date Accounts and Explanation Debit Credit Jan. 31 Homework: Chapter F:4 Lab Score: 0 of 1 pt EF4-25 (similar to) Maurice's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the closing entries for Maunce's Bowling Alley (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (1)