Just p8, questions 1-4.

Detemining Adjusting Entries and Tracing Their Effects to Financial State ments LO 3, 4 GENERAL LEDGER P8. Steven Tax Service, Inc. 's trial balance at the end of its second year of operation is as follows senEADSHEET 3: Adjutedtria balane $31,93 Steven Tax Ser vice, Inc. Trial Balance December 31, 2014 Cash 2,268 Accounts Receivable Prepaid In surance 1,031 240 Office Supplies Ofice Equpment Accumulated Depreciation-Office Equpment Accounts Payable 782 7,100 770 635 UneanedTax Fees 219 Common Stock 3,000 Retained Earnings 2,439 Dividends 6,000 Tax Fees Revenue 21,926 Office Salaries Expense 8300 Advertis ing Expen se Rent Expense Telephone Expense 650 2400 218 28,989 28,989 Comp A p d Assignments 175 The folkowing information is also available: a. Office supplics on hand, December 31, 2014, $227 b. Insurance still unexpired, $120 c. Estimated depreciation of office equipmnent, $770 d. Telephone expense for December, $19; the bill was received but not re aorded. e. The services for all uncarned tax fees had been performed by the end of the ye ar. f. stimated federal income taxes for the year, $2,160 REQUIRED 1 Open T accounts for the accounts in the trial balance plus the following: Income Taxes Payable; Office Supplics Expense; Insurance Expense; Depreciation Expense Office Equipment; and Income Taxes Expense. Recond the balances shown in the trial balanoe 2. Determine the adjusting entrics and post them directhy to the Taccounts 3. Prepare an adjusted trial balanoe, an incomne statement, a statement of Retained Earnings, and a balance sheet. 4. ACCOUNTING CONNECTION Why is it not necessary to show the effects of the above transactions on the statement of cash lows