Enclosed as an attachment is my finance assignment. I don't know how to start I need help completing this assignment.

P4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Sh Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accou prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014: Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31) Common stock (5,000 shares outstanding) Additional paid-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense $ Debit 42,000 11,600 900 800 19,000 Credit $ 9,200 8,300 3,000 17,000 400 19,000 6,000 61,360 33,360 $ 115,960 $ 115,960 Totals Data not yet recorded at December 31, 2014, included: a. The supplies count on December 31, 2014, reflected $300 remaining supplies on hand to be used in 2015. b. Insurance expired during 2014, $800. c. Depreciation expense for 2014, $3,700. d. Wages earned by employees not yet paid on December 31, 2014, $640. e. Income tax expense, $5,540. Required: 1 Record the 2014 adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Transaction a. General Journal Debit Credit b. c. d. e. Required: 2-a. Prepare an income statement that includes the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) TUNSTALL, INC. Income Statement For the Year Ended December 31, 2014 Operating revenue: Operating expenses: Total expenses - Earnings per share Required: 2-b. Prepare a classified balance sheet that includes the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.) Required: 3 Transaction 1 Record the 2014 closing entry. (If no entry is required for a transaction/event, select "No journal entry require General Journal Debit Credit ent Including Earnings per Share LO4-1, 4-2, 4-4 much effort, an outside accountant cember 31, 2014: nd to be used in 2015. TUNSTALL, INC. Balance Sheet At December 31, 2014 Assets Liabilities and Stockholders' Equity Current assets: Total current assets Current liabilities: - Total current liabilities Total liabilities Stockholders' equity: - - Total stockholders' equity Total assets $ liabilities and - Total stockholders' equity ct "No journal entry required" in the first account field.) $ - P4-7 Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Sh Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accou prepared the following unadjusted trial balance as of the end of the annual accounting period, December 31, 2014: Account Titles Debit Credit Cash $ 42,000 Accounts receivable 11,600 Supplies 900 Prepaid insurance 800 Service trucks 19,000 Accumulated depreciation $ 9,200 Other assets 8,300 Accounts payable 3000 Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31) 17000 Common stock (5,000 shares outstanding) 400 Additional paid-in capital 19000 Retained earnings 6000 Service revenue 61360 Remaining expenses (not detailed; excludes income tax) 33,360 Income tax expense $ 115,960 $ 115,960 Totals Data not yet recorded at December 31, 2014, included: a. The supplies count on December 31, 2014, reflected $300 remaining supplies on hand to be used in 2015. b. Insurance expired during 2014, $800. c. Depreciation expense for 2014, $3,700. d. Wages earned by employees not yet paid on December 31, 2014, $640. e. Income tax expense, $5,540. Required: 1 Record the 2014 adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Transaction a. General Journal Debit Credit b. c. d. e. Required: 2-a. Prepare an income statement that includes the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) TUNSTALL, INC. Income Statement For the Year Ended December 31, 2014 Operating revenue: Operating expenses: Total expenses Net income - $16,720 Earnings per share Required: 2-b. Prepare a classified balance sheet that includes the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.) Required: 3 Record the 2014 closing entry. (If no entry is required for a transaction/event, select "No journal entry require Transaction 1 General Journal Debit Credit Statement Including Earnings per Share LO4-1, 4-2, 4-4 After much effort, an outside accountant iod, December 31, 2014: s on hand to be used in 2015. e transactions. g five transactions. TUNSTALL, INC. Balance Sheet At December 31, 2014 Assets Liabilities and Stockholders' Equity Current assets: Total current assets Current liabilities: - Total current liabilities Total liabilities Stockholders' equity: - - Total assets $ Total stockholders' equity liabilities and - Total stockholders' equity nt, select "No journal entry required" in the first account field.) $