: Littlefield Computer Supplies adjusts its accounts monthly. The following is Littlefield Computer Supplies 's trial balance at December 31, 2020, the company's fiscal year end: List of accounts: Littlefield Computer Supplies Accounts Payable Trial Balance Accounts Receivable December 31, 2020 Adjusting Entries Adjusted TB Closing Entries Post-closing TB Accumulated depreciation - building Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Accumulated depreciation - equipment Cash $25,350 25,350 $25,350 Building Accounts receivable 24,300 - 24,300 $24,300 Cash Prepaid insurance 840 - 840 $840 Depreciation Expense Supplies 1,940 - 1,940 $1,940 Equipment Land 150,000 150,000 $150,000 Income Summary Building 691,200 691,200 $691,200 Insurance Expense Accumulated depreciation - building 208,000 - 208,000 208,000 Interest Expense Equipment 36,000 36,000 $36,000 Interest Payable Accumulated depreciation - equipment 9,500 - 9,500 9,500 Land Patents 30,000 30,000 $30,000 Mortgage Payable Accounts payable 20,565 20,565 20,565 NO ENTRY REQUIRED Unearned revenue 4,400 - 4,400 4,400 Patents Salaries Payable - - Prepaid Insurance Interest Payable 5,400 - 5,400 5,400 L. Littlefield, capital Mortgage payable 540,000 540,000 540,000 L. Littlefield, drawings L. Littlefield, capital 203,755 203,755 - - 203,755 Salaries Expense L. Littlefield, drawings 45,000 45,000 - $45,000 Salaries Payable Service revenue 239,450 - 239,450 - 239,450 Service Revenue Depreciation Expense 18,590 - 18,590 - $18,590 Supplies Insurance Expense 5,500 - 5,500 - $5,500 Supplies Expense Interest Expense 24,750 - 24,750 - $24,750 Unearned Revenue Salaries Expense 154,000 - 154,000 - $154,000 Utilities Expense Supplies Expense 7,600 - 7,600 - $7,600 Utilities Expense 16,000 16,000 - $16,000 $1,231,070 $1,231,070 $- $- $1,231,070 $1,231,070 $- $- $1,231,070 $1,231,070 Additional information: 1) The mortgage payable has a 5% interest rate. Interest is paid on the first day of August for the previous 12 month's interest. 2) On December 31, 2020, half of the unearned revenue was still unearned. 3) A physical count of supplies shows $790 on hand on December 31, 2020. 4) The building has an estimated useful life of 40 years. 5) The equipment has an estimated useful life of twelve years. 6) Service revenue earned but not recorded at December 31, 2020, was $8,700. 7) Salaries of $4,400 have been incurred but are unpaid at December 31, 2020. Payday will be on January 4, 2021. 8) During the next fiscal year, $18,400 of the mortgage payable is to be repaid. 9) The 12-month insurance policy was purchased for $5,040 cash on February 1, 2020. REQUIRED: MARKS Part A Adjusting Journal Entries 4.0 per Journal Entry Record all appropriate adjusting entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. Select NO ENTRY in both the debit and credit account boxes if applicable. 1) Dec. 31 2) Dec. 31 3) Dec. 31 4) Dec. 31 5) Dec. 31 6) Dec. 31 7) Dec. 31 8) Dec. 31 9) Dec. 31 "Post" your adjusting entries into the "adjusments" columns (columns G and H) to the right of the original Trial Balance. The Adjusted Trial Balance amounts (in Columns I and J) will automatically calculate. Part B Adjusted Trial Balance, Income Statement, Statement of Owner's Equity, Classified Balance Sheet 9.0 Adjusted Trial Balance 8.0 Income Statement The owner, Jane Littlefield, invested $4,000 cash in the business on November 21, 2020. 8.0 Statement of Owner's Equity The investment has been recorded and it is included in the capital account. 15.0 Classified Balance Sheet Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. Be sure to use proper titles and formatting. Adjusted Trial Balance Income Statement Place your first account on row 111 Adjusted TB Marks Available Earned 2 2 Complete title 1 1 Assets 1 1 Liabilities 1 1 Equity accounts 2 2 Summed and balances 2 2 $, commas, no decimals, underlines 9 9 IS Marks Available Earned 2 2 Complete title 1 1 Revenues 2 2 Expenses 1 1 Profit calc 2 2 $, commas, no decimals, underlines 8 8 SOE Marks Available Earned 2 2 Complete title 1 1 Opening 1 1 Add 1 1 Less 2 2 Closing 1 1 $, commas, no decimals, underlines 8 8 2 2 Assets in proper classes Statement of Owners' Equity Classified Balance Sheet Put liabilities and owner's equity to the right of assets 2 2 Liabilities ST and LT 1 1 Equity amount 2 2 Each section identified 4 4 Classified 2 2 $, commas, no decimals, underlines 13 13 Part C Closing Journal Entries 2.0 per Journal Entry, except for expense closing entry, 4 marks Record all appropriate closing entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. DR CR Dec 31 Dec 31 Dec 31 Dec 31 "Post" your closing entries into the "closing entries" columns (columns K and L) to the right of the Adjusted Trial Balance columns. The closing trial balance amounts (in columns M and N) will automatically calculate. Part D Post-Closing Trial Balance 10.0 Post-Closing Trial Balance Prepare the company's post-closing trial balance. Be sure to use proper titles and formatting. Post-closing TB Marks Available Earned 2 2 Complete title 3 3 A, L, E only 2 2 Summed and balances 3 3 $, commas, no decimals, underlines 10 10

Yea 1 A "Post your adjusting entries into the adjusments columns Columns Gand H) to the right of the original Trial Balance. The Adjusted Trio Balonce amounts in Column and I will automat Part Adjusted Trial Balance, Income Samantatement of Owner's Equity Ced Balance Sheet warmtested in the event 21,00 3 Statement The investments and acted in the count Caneth Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. 1. Be sure to use proper titles and formatting Income Statement 106 Adjusted Trial Balance Case your feet anrw 11 MON O Type here to search BI -31 Trial Balance December 31, 2020 Debe Adjusting Entries Debit Credit Credit Closing Entries Debit Crede $ Adjusted To Debit Cred 5350 24,300 140 s 5 Post closing TB Debit So 100 AD 1940 150.000 25,50 24.300 840 1.940 150,000 691,200 . 1.540 150.000 691,200 5 5 5 20.000 208.000 Jo.000 36.000 36.000 5 36.000 9.500 9.500 9.500 30.000 30.000 5 30,000 20,565 4400 2015 4,400 Cauh Accounts receivable Prepud insance Supolles (and Building Accumulated depreciation building Equipment Accumulated depreciation equipment Patents Accounts payable Uneamed revenue Salaries Payable interest Payable Mortgage payabile L Littlefield, capital L.Littlefield drawing Service revenue Depreciation Expert Insurance Expense Interest Expert Salaries Expense Supplies Expense Utilities Expense 5.400 $40.000 203.755 20,565 4400 - 5,400 540,000 202.755 400 540.000 203,755 45.000 45,000 5.000 239,450 239,450 18,590 5,500 24,750 154,000 7,600 16,000 18,500 5,500 24,750 154.000 7.600 16,000 $ 5 $ 5 5 5 150 5.500 24.50 114.000 7600 16.000 $12310205 1231.070 S $ 1,231,0703231.0705 512110705 12100 BOA 0 mama ped on the toys for the 2 Dec 2010, howed Panhando 2020 4 the died of year Themenhanced care med at 11, 2017 7 w Dec 1, 2000 Play www.400 the best The 2,200 MART REQUIRED Part A Adjusting lournal Entries Record all appropriate adjusting entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces No explanations are required. Select NO ENTRY in both the debit and credit account boxes if applicable. 11 Dec 13 21 Dec IMG Type here to search O 37 Qc Go CHE 0. U Part A Adjusting lournal Entries 4. Record all appropriate adjusting entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. Select NO ENTRY in both the debit and credit account boxes if applicable 1) Dec 2) Dec 31 3) Dec 11 170 4) Dec 31 75 78 77 5) Dec 31 6) Dec 7) Dec 31 #) Dec. 31 DUR Type here to search O BED lyje Yea 1 A "Post your adjusting entries into the adjusments columns Columns Gand H) to the right of the original Trial Balance. The Adjusted Trio Balonce amounts in Column and I will automat Part Adjusted Trial Balance, Income Samantatement of Owner's Equity Ced Balance Sheet warmtested in the event 21,00 3 Statement The investments and acted in the count Caneth Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. 1. Be sure to use proper titles and formatting Income Statement 106 Adjusted Trial Balance Case your feet anrw 11 MON O Type here to search BI -31 Trial Balance December 31, 2020 Debe Adjusting Entries Debit Credit Credit Closing Entries Debit Crede $ Adjusted To Debit Cred 5350 24,300 140 s 5 Post closing TB Debit So 100 AD 1940 150.000 25,50 24.300 840 1.940 150,000 691,200 . 1.540 150.000 691,200 5 5 5 20.000 208.000 Jo.000 36.000 36.000 5 36.000 9.500 9.500 9.500 30.000 30.000 5 30,000 20,565 4400 2015 4,400 Cauh Accounts receivable Prepud insance Supolles (and Building Accumulated depreciation building Equipment Accumulated depreciation equipment Patents Accounts payable Uneamed revenue Salaries Payable interest Payable Mortgage payabile L Littlefield, capital L.Littlefield drawing Service revenue Depreciation Expert Insurance Expense Interest Expert Salaries Expense Supplies Expense Utilities Expense 5.400 $40.000 203.755 20,565 4400 - 5,400 540,000 202.755 400 540.000 203,755 45.000 45,000 5.000 239,450 239,450 18,590 5,500 24,750 154,000 7,600 16,000 18,500 5,500 24,750 154.000 7.600 16,000 $ 5 $ 5 5 5 150 5.500 24.50 114.000 7600 16.000 $12310205 1231.070 S $ 1,231,0703231.0705 512110705 12100 BOA 0 mama ped on the toys for the 2 Dec 2010, howed Panhando 2020 4 the died of year Themenhanced care med at 11, 2017 7 w Dec 1, 2000 Play www.400 the best The 2,200 MART REQUIRED Part A Adjusting lournal Entries Record all appropriate adjusting entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces No explanations are required. Select NO ENTRY in both the debit and credit account boxes if applicable. 11 Dec 13 21 Dec IMG Type here to search O 37 Qc Go CHE 0. U Part A Adjusting lournal Entries 4. Record all appropriate adjusting entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. Select NO ENTRY in both the debit and credit account boxes if applicable 1) Dec 2) Dec 31 3) Dec 11 170 4) Dec 31 75 78 77 5) Dec 31 6) Dec 7) Dec 31 #) Dec. 31 DUR Type here to search O BED lyje