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= Homework: Final Exam Review-Bonus Question 4, PF4-32A (similar to) Part 1 of 19 The unadjusted trial balance of Washington Anvils at December 31, 2024,
= Homework: Final Exam Review-Bonus Question 4, PF4-32A (similar to) Part 1 of 19 The unadjusted trial balance of Washington Anvils at December 31, 2024, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) HW Score: 0%, 0 of 100 poin Points: 0 of 9 (Click the icon to view the adjusting data.) Read the requirements. Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using the balances from the unadjusted trial balance. Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Unearned Revenue still unearned at December 31, $3,200. Date Accounts and Explanation Dec. 31 Adj. (a) Debit Credit Washington Anvils Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $ 12,770 Accounts Receivable 16,800 Prepaid Rent 2,030 Office Supplies 2,000 Equipment 31,000 Accumulated Depreciation-Equipment 5,000 7,300 Accounts Payable Salaries Payable Unearned Revenue 6,400 Common Stock 18,000 Retained Earnings 13,200 Dividends 5,500 Service Revenue 23,000 Salaries Expense 2,800 Rent Expense Retained Earnings 13,200 Dividends 5,500 Service Revenue 23,000 Salaries Expense 2,800 Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 72,900 $ 72,900 More info Adjustment data: a. Unearned Revenue still unearned at December 31, $3,200. b. Prepaid Rent still in force at December 31, $1,900. c. Office Supplies used, $1,100. d. Depreciation, $300. e. Accrued Salaries Expense at December 31, $350. Requirements 1. Prepare the adjusting entries and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. 2. Prepare an adjusted trial balance. 3. Complete the worksheet for the year ended December 31, 2024. 4. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 5. Prepare the closing entries, and post to the accounts. 6. Prepare a post-closing trial balance. 7. Calculate the current ratio for the company
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