K The unadjusted trial balance of Waldo Anvils at December 31, 2024, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) Date Requirement 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. Dec. 31 Adj. (a) ... 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, $1,700. Accounts and Explanation Unearned Revenue Service Revenue (Click the icon to view the adjusting data.) To adjust revenue earned. Read the requirements. Debit 4100 Credit 4100

The unadjusted trial balance of Waldo Anvils at December 31, 2024, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) (Click the icon to view the adjusting data.) Read the renuiraments. Requirement 1. Prepare the adjusting entries, and post to the 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,$1,700. b. Prepaid Rent still in force at December 31,$1,500. c. Office Supplies used, $1,600. d. Depreciation, $350. e. Accrued Salaries Expense at December 31,$300. Post the adjusting entries to the T-accounts. The unadjusted balances of the accounts ("Bal.") have been entered for you. Use the adjustment and corresponding letters as posting references-"Adj. (a) ). "Adj. (b)*, etc. Use a "Bal," posting reference on the last line of each T-account to show the adjusted balance of each account. (Abbreviations used: Depr. = Depreciation; Equip. = Equipment.) Equipment Waldo, Withdrawals Supplies Expense Requirement 2. Prepare an adjusted trial balance. \begin{tabular}{l} Accumulated Uepreciation-tquipment \\ \hline Accounts Payable \\ \hline Salaries Payable \\ \hline Unearned Revenue \\ \hline Waldo, Capital \\ \hline Waldo, Withdrawals \\ \hline Service Revenue \\ \hline Salaries Expense \\ \hline Rent Expense \\ \hline Depreciation Expense-Equipment \\ \hline Supplies Expense \end{tabular} Kequirement 3. Lompiete the worksneet tor the year ended vecember 31,U4. (ADoreviations used: Vepr. = Vepreciation; Equip, = Equipment.) Waldo Anvils Worksheet (Partial) Requirement 4. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year. Begin by preparing the income statement. (If a box is not used in the statement, leave the box empty; do not selett a label or enter a zaro.) Prepare the statement of owner's equity. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Assume that there were no contributions made by the owner during the year. (Exclude any zero-balance events for the period from the statement. of owner's equity.) Prepare the classified balance sheet in report form as of December 31, 2024. Begin with the Assets section, then complete the Liabilities and Owner's Equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Close Income Summary. Close withdrawals. Post the closing entries to the T-accounts. First, enter "Bal." and the adjusted balance of each account from the adjusted trial balance prepared in requirement 2. Then, use "Clos." and the corresponding number as shown in the journal entry as posting references - "Clos. (1)", "Clos.(2)", etc. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a " 0 on the normal side of the account. For income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account. (Abbreviations used: Depr. = Depreciation; Equip. = Equipment.) Office Supplies Unearned Revenue Waldo, Capital Waldo, Withdrawals Rent Expense Depreciation Expense-Equipment Supplies Expense Accumulated Depr.-Equip. Income Summary Requirement 6. Prepare a post-closing trial balance. Data table More info Adjustment data: a. Unearned Revenue still unearned at December 31, \$1,700 b. Prepaid Rent still in force at December 31,$1,500. c. Office Supplies used, \$1,600. d. Depreciation, $350. e. Accrued Solaries Expense at December 31, $300 Data table Data table More in Adjustment a. Unearne b. Prepaid c. Office S d. Deprecia e. Accrued