HELP PLEASE. I'm missing Income Statement, Balance Sheet, and Impact on Income.
The unadjusted trial balance of the Smart Deals Company as of December 31, 2021 is found on the trial balance tab. The following Information is required to prepare the necessary adjusting entries for the Smart Deals Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2021. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,650. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have a 5-year useful life, and be worth about $10,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $9,000 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry. If any. 5) Smart Deals's employee earns $120 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Smart Deals agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $3,900. The terms of the initial agreement call for Smart Deals to provide services from December 12, 2021, through January 10, 2022, or 30 days of service. The club agrees to pay Smart Deals $3,900 on January 10, 2022, when the service period is complete Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, If any. Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income For transactions 1-6, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. View transaction list View Journalgntry worksheet No Date Account Title Debit Credit 1 Dec 31 Insurance expense Prepaid insurance 350 350 2 Dec 31 Supplies expense Supplies 1.550 3 Dec 31 Depreciation expense - Equipment Accumulated depreciation - Equipment 550 550 4 Dec 31 Consulting revenue Unearned consulting revenue 750 750 5 Dec 31 Salarios expense Salarios payable 360 360 6 Dec 31 2,600 Accounts receivable Consulting revenue General Requirement General Income Trial Balance St Owner Journal Impact on Ledger Statement Balance Sheet Equity income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted Smart Deals Income Statement For Month Ended December 31, 2021 Revenues: $ 0 0 Expenses: 0 0 0 0 0 0 Trial Balance St Owner Equity > Adjusted Smart Deals Balance Sheet December 31, 2021 Assets $ 0 0 0 0 0 0 0 Liabilities $ 0 0 0 0 Equity 0
