LO $3,4$ P$3-62$A$.($Learning Objectives $3,4$: Adjust the accounts; construct the financial statements$)$ Consider the unadjusted trial balance of Princess, Inc., at December $31,2023,$ and the related month$-$end adjustment data.

$\backslash$table$[[$A$1],[4,$A$,$B$,$c$,$D$,$E$,$F$,$o$],[,\backslash$table$[[$Princess$,$ Inc.$],[$Trial Balance Worksheet$],[$December $31,2023]],,,,,,],[2,,$Trial Balance,Adjustments,Adjusted Trial Balance$],[3,$Account,Debit,Credit,Debit,Credit,Debit,Credit$],[4,$Cash,$9,400,,,,,],[5,$Accounts receivable,$2,200,,,,,],[6,\backslash$table$[[$Prepaid rent$]],1,200,16,$E$,,(1),],[7,$Supplies,$2,600,,,,-,],[8,$Furniture,$48,000,,[-,-,-,],[9,$Accumulated depreciation$-$furniture,,$3,900,,,,],[10,$Accounts payable,,$3,800,,,,],[11,$Salary payable,,,E$,,-,],[12,$Common stock,,$6,000,,,,],[13,$Retained earnings,,$32,210,=,,,],[14,$Dividends.,$3,800,,,,,],[15,$Service revenue,,$25,100,,,,],[16,$Salary expense,$3,300,,,,-,],[17,$Rent expense,,,,,,$],[18,$Utilities expense,$510.,,,,,],[19,$Depreciation expense $-$ furniture,,$6,=,,,],[20,$Supplies expense,,,in$,,,],[21,$Total,$71,010,71,010,1_{{?}_{?}},,,],[22,,,,,,,]]$

Adjustment data at December $31,2023$:

a$.$ Accrued service revenue at December $31,$$$2,980.$

b$.$ Prepaid rent expired during the month. The unadjusted prepaid balance of $$1,200$ relates to the period December $1,2023,$ through February $28,2024.$

c$.$ Supplies used during December, $$2,160.$

d$.$ Depreciation on furniture for the month. The estimated useful life of the furniture is five years.

e$.$ Accrued salary expense at December $31$ for Monday, Tuesday, and Wednesday. The five$-$day weekly payroll of $$15,000$ will be paid on Friday.

Requirements

Prepare the adjusted trial balance of Princess, Inc., at December $31,2023.$ Key each adjusting entry by letter.

Prepare the single$-$step monthly income statement, the statement of retained earnings, and the classified balance sheet. Draw arrows linking the three statements.