More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31, $3,510. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,300 relates to the period December 1, 2023 through February 28, 2024. c. Supplies used during December, $1,450. 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 $25,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Print Done - Consider the unadjusted trial balance of Spateness, Inc. at December 31, 2023, and the related month-end adjustment data. Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Spateness, Inc. at December 31, 2023. The unadjusted balances have been entered for you. Key each adjusting entry by letter 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet Account Cash Accounts receivable Prepaid rent Supplies Furniture Debit 8,800 Credit Debit Credit Debit Credit 1,600 3,300 1,900 66,000 Accumulated depreciation-fumiture 4,000 Accounts payable 3,300 Salary payable Common stock 9,000 Retained earnings 48,950 Dividends 3,700 Service revenue 23,100 Salary expense 2,600 Rent expense Utilities expense 450 Depreciation expense-fumiture Supplies expense Total 88,350 88.350 Requirement 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Begin by preparing the income statement. Of an input field is not used in the statement leave the field empty, do not select a label or enter a zero.) Requirement 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Begin by preparing the income statement. (If an input field is not used in the statement leave the field empty; do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. Spateness, Inc. Income Statement Month Ended December 31, 2023 Now prepare the statement of retained earnings. (Include a subtotal after the "Add" line of the statement.) Review the adjusted trial balance completed in Requirement 1. Add: Subtotal Less: Spateness, Inc. Statement of Retained Earnings Month Ended December 31, 2023 Finally, prepare the balance sheet. (If an input field is not used in the statement leave the field empty; do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. Less Assets Balance Sheet. December 31, 2023 Liabilities Stockholders' Equity