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Adjustmenth a. The supplies avbilable at the end of fiscal year 2017 had a cost of $3,300 b. The cost of expired insurance for the fiscal year is $3.800 c. Annuai dopreciation on equament is 58,400 d. The June utives expense of $650 is not included in the unadusted trai balance becaube the blil artwed after the tisl belance wis prepared. The 5650 amount owed needs to be recorded e. The company's employees have eamed 51,800 of accrued wages at fiscal year-end. 1. The rent expense incurted and not yet pold or recorded at fiscal yoarend is $500 9. Additional property taves of $1,000 have been assessed for this fiscal year but have not been pald or recorded in the accourts h. The long-term note payable bears interest at 12% per yest The unsdjusted Intereat Experse accourt equals the amount pad far the first 11 months of the 2017 fiscal year. The $250 occrved interest for June has not yet been paid or recorded. (The company is required to make a $5,000 payment toward the nole payable dunng the 2018 fiscal yeach Required: 1. Prepare a 10-column work sheet for fiscal year 2017, starting wth the unadjucted vial balance and including adjustments bosed or the additional facts. The June 30 , 2016, credit balance of the ovner's capital accourt was $53.660, and the owner invened 555.000 cush in the compary during the 2017 fiscalyoar. 2a. Prepare the adjusting entres (all dated June 30,2017 ). 2b. Prepare the closing entrles (all dated June 30,2017 ) 3a. Prepare the income statement for the yeut ended dune 30, 2012. 3b. Prepare the statement of owner's equity for the year ended June 30, 2017. 3c. Prepare the clastified balance sheet ot June 30,2017. Complete this question by entering your answers in the tabs below. Prepare the chassified balance sheer at June 30,2017. Adjustmenth a. The supplies avbilable at the end of fiscal year 2017 had a cost of $3,300 b. The cost of expired insurance for the fiscal year is $3.800 c. Annuai dopreciation on equament is 58,400 d. The June utives expense of $650 is not included in the unadusted trai balance becaube the blil artwed after the tisl belance wis prepared. The 5650 amount owed needs to be recorded e. The company's employees have eamed 51,800 of accrued wages at fiscal year-end. 1. The rent expense incurted and not yet pold or recorded at fiscal yoarend is $500 9. Additional property taves of $1,000 have been assessed for this fiscal year but have not been pald or recorded in the accourts h. The long-term note payable bears interest at 12% per yest The unsdjusted Intereat Experse accourt equals the amount pad far the first 11 months of the 2017 fiscal year. The $250 occrved interest for June has not yet been paid or recorded. (The company is required to make a $5,000 payment toward the nole payable dunng the 2018 fiscal yeach Required: 1. Prepare a 10-column work sheet for fiscal year 2017, starting wth the unadjucted vial balance and including adjustments bosed or the additional facts. The June 30 , 2016, credit balance of the ovner's capital accourt was $53.660, and the owner invened 555.000 cush in the compary during the 2017 fiscalyoar. 2a. Prepare the adjusting entres (all dated June 30,2017 ). 2b. Prepare the closing entrles (all dated June 30,2017 ) 3a. Prepare the income statement for the yeut ended dune 30, 2012. 3b. Prepare the statement of owner's equity for the year ended June 30, 2017. 3c. Prepare the clastified balance sheet ot June 30,2017. Complete this question by entering your answers in the tabs below. Prepare the chassified balance sheer at June 30,2017
