I was going over my work and i'm not sure what is missing.
Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46, 100 11,800 440 680 16,600 9,400 10,460 2,270 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (5,500 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 16,000 1,946 17,514 4,500 83,870 16,200 33,220 135,500 135,500 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $180 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $680. C. Depreciation expense for the current year, $3,900. d. Wages earned by employees not yet paid on December 31, $530. e. Income tax expense, $5,080. 2-a. Prepare an income statement that include the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) X Answer is not complete. TUNSTALL, INC. Income Statement For the Current Year Ended December 31 Operating revenues Service revenue $ 83,870 Operating expenses Insurance expense Supplies expense Wages expense Depreciation expense Remaining expenses (not detailed) OOOOOO 680 260 16,730 3,900 33,220 Total expenses 54,790 Income tax expense Net income Earnings per share >> 5,080 24,000 4.36 $ 2-b. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. Assets Current assets TUNSTALL, INC. Balance Sheet At December 31 of the Current Year Liabilities and stockholders' equity Current liablities $ Accounts payable 46,100 11,800 Wages payable 180 Income taxes payable Cash $ 2,270 OOOO Accounts receivable Supplies OOO 530 5,080 $ $ Total current assets Service trucks lololo olol 7,880 16,000 Other assets $ 23,880 58,080 Total current liabilities 16,600 Notes payable, long-term 10,460 Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings 1,946 17,514 28,500 OOO OOOOO $ Total stockholders' equity Total liabilities and stockholders' equity 47,960 71,840 Total assets $ 85,140 $
