Following are the 12/31/17 unadjusted and adjustedtrial balances for HW Co.
	HW Co.
	Unadjusted and Adjusted Trial Balances
	December 31, 2017
			Unadjusted		Adjusted
			DR	CR	DR	CR
	Cash		$16,000		$16,000
	Accounts Receivable		44,000		51,800
	Allowance for Doubtful Accounts			125		1,680
	Supplies		17,500		6,800
	Prepaid Insurance		6,700		5,100
	Equipment		185,000		185,000
	Accumulated DepreciationEquipment			$58,000		$69,700
	Accounts Payable			11,000		11,000
	Interest Payable					300
	Salaries and Wages Payable			-		2,600
	Notes Payable			10,000		10,000
	Unearned Service Revenue			12,000		9,200
	Common Stock			20,000		20,000
	Retained Earnings			65,575		65,575
	Service Revenue			117,200		127,800
	Salaries and Wages Expense		16,000		18,600
	Insurance Expense				1,600
	Interest Expense		700		1,000
	Depreciation Expense				11,700
	Bad Debt Expense				1,555
	Supplies Expense				10,700
	Rent Expense		8,000		8,000
			$293,900	$293,900	$317,855	$317,855
Instructions
(a)	Journalize the annual adjusting entries that were made. (Omit explanations.) The first
	entry has been prepared for you.
Dec					Debit	Credit
31	Accounts Receivable				7,800
		Service Revenue				7,800
31
31
31
31
31
31
31
						-
(b)	Prepare an income statement and a statement of retained earnings for the year ending December 31, 2017, and an unclassified balance sheet at December 31.
	All expenses and liabilities should be placed in descending size order.
	HW Co.
	Income Statement
	For the Year Ended December 31, 2017
	Revenues
	Expenses
	HW Co.
	Statement of Retained Earnings
	For the Year Ended December 31, 2017
	HW Co.
	Balance Sheet
	December 31, 2017
	Assets
	Liabilities and Stockholders Equity