Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: Adams Company Unadjusted Trial Balance December 31, 2018 126,000 23,000 9,500 24,000 110,000 15,000 75,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Nayable Long-Term Notes Payable Common Stock Retained Earings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 40,000 8,000 17,900 12,500 45,000 46,000 67,600 5,000 474,500 10,000 47,000 5,000 54,000 10,000 145,000 13,000 4,000 36,000 711,500 711,500 Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T- accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances. 1 Page 3 Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: Adams Company Unadjusted Trial Balance December 31, 2018 126,000 23,000 9,500 24,000 110,000 15,000 75,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Nayable Long-Term Notes Payable Common Stock Retained Earings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 40,000 8,000 17,900 12,500 45,000 46,000 67,600 5,000 474,500 10,000 47,000 5,000 54,000 10,000 145,000 13,000 4,000 36,000 711,500 711,500 Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T- accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances. 1 Page 3