More info a. Unearned Revenue earned during the year, $150. b. Office Supplies on hand, $1,500. c. Depreciation for the year, $6,000. d. Accrued Salaries Expense, $1,500. e. Accrued Service Revenue, $2,000. Farrell Investment Advisers Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash Accounts Receivable Office Supplies 6,500 Equipment 22,000 Accumulated Depreciation-Equipment Accounts Payable 21,000 Salaries Payable Unearned Revenue 3,500 Notes Payable (long-term) 24,000 Common Stock 22,000 Retained Earnings 9,000 Dividends 32,000 Service Revenue 91,000 Insurance Expense 2,000 Salaries Expense 41,000 Supplies Expense Interest Expense 4,500 Rent Expense 8,500 Depreciation Expense-Equipment Total $185,500$185,500 Farrell Investment Advisers Worksheet December 31, 2024 Net income or loss The unadjusted trial balance of Farrell Investment Advisers at December Requirements 31, 2024, follows: 1. Prepare a worksheet for Farrell Investment Advisers at (Click the icon to view the unadjusted trial balance.) December 31, 2024. 2. Prepare the income statement, the statement of retained Adjustment data at December 31, 2024: earnings, and the classified balance sheet in account format. (Click the icon to view the adjustments.) 3. Prepare closing entries. Requirement 1. Prepare a worksheet for Farrell Investment Advisers at December 31, 2024. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Complete the worksheet one section at a time beginning with the Adjustments section. Enter the adjustments along with the adjustment letter references-(a), (b), (c), etc.-into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. (Abbreviations used: Depr. = depreciation, Exp. = expense, //t= long term, Pay. = payable, Rec. = receivable, Stk. = stock, and Supp. = supplies.)