horngren's Accounting,The Finacial Chapters (12th Edition)chapter 3,problem 36Pa ..how to prepare the balance sheet

Guthrie INN Company Unadjusted Trail Balance December 31, 2018 Account Title ACCOw1tS prepaid Expense Office S up plies Building Accumulated Buildings ACCOLMtS Salaries payable Unearned Revenue Guthrie, Capital Guthrie, Wlthdrawals Service Revenue Salaries Expense Insurance Expense Depreciation Expense Expe Supplies Total Adjustment data at December 31 follow: 13,500 15, 1.710 288,950 56m 760 a) AS Of December 31, Guthrie had S7m Of prepaid insurance remaining b) At the end Of the month, Guthrie had 55m Of Office remaining Depreciation on the building is d) Guthrie pays its employees weekly on It employees earn for a five day work week. December 31 falls a e) On November 20, Guthrie Contracted to perform for receiving advance, Guthrie recorded this receipt Of Cash as Unearned Revenue. AS Of December 31, Guthrie has still unearned. Req IJ Journalite the adjusting entries on t>cember 31 2) using the unadjusted trial balance, open four column ledger all the aCCOwttS with unadjusted balances. Post the adjusting entries the ledger accounts 3) Prepare the adjusted trail balance 4) prepare the income Statement S) Prepare the statement of equity 6) Prepare the balance sheet Question B A COSt $12,000. It Will be kept for three (3) and then sold for $3,000. Calculate the depration for each and Show the balance in accumulated depreciation atr the end Of 3. Question c With the use Of information in Question A, calculate the return on assets and explain the answer,