Need help with adjusted trial balance, income statement, retained earning and balance sheet. they are all listed as one question. The T accounts posted are all correct.

(The following information applies to the questions displayed below.) Francine's Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Francine's Fast Deliveries, Inc. Balance Sheet at January 1, 2012 Liabilities: $2,075 Accounts Payable 1,300 Stockholders' Equity: 1,100 Contributed Capital Retained Earnings Assets: Cash Accounts Receivable Supplies $ 1,710 $2,000 765 Total Assets $ 4,475 Total Liabilities & Stk. Equity $4,475 January Transactions for Francine's Fast Deliveries, Inc. (FFD) Date 1 Owners invest $34,000 of additional cash in the business. Supplies are purchased for $1,400 on account. Insurance is paid for 12 months beginning January 1: $8,940 (Record as an asset) 2c Rent is paid for 3 months beginning in January: $5,100 (Record as an asset) 2d Two employees are hired. Each employee will be paid $1,990 per month 3 FFD borrows $38,000 from 1st State Bank at 6% annual interest. A delivery van is purchased for cash. Including tax the total cost was $67,200. It 6 will be used for 4 years and will be depreciated monthly using straight-line with no salvage value. A full month of depreciation will be charged in January. 7 $910 of the receivables from December's sales are collected. FED borrows $38,000 from State Bank at 6% annual interest. A delivery van is purchased for cash. Including tax the total cost was $67,200. It 6 will be used for 4 years and will be depreciated monthly using straight-line with no salvage value. A full month of depreciation will be charged in January. 7 $910 of the receivables from December's sales are collected. 8 $1,368 of the accounts payable from December are paid. 9 Performed services for customers on account. Mailed invoices totaling $11,600. 10 Services are performed for cash customers: $8,120. 16 Wages for the first half of the month are paid on January 16: $1,990. The company receives $4,700 from a customer for an advance order for services 20 to be provided in January and February. 25 Collections from customers on account (see January 9 transaction): $4,640 The last 2 weeks wages earned by employees are $995 per employee and will 30a be paid on February 3. 30 A $1,265 utility bill for January arrived. It is due on February 15. Additional Information for adjusting entries at January 31: a. Supplies on hand on January 31 total $500. The company completed 60% of the deliveries for the customer who paid in advance b. on January 20. C. Interest is accrued for the bank loan. (Assume a full month for the 1st State Bank loan.) d. Record January depreciation. e. Adjust the prepaid asset (Rent and Insurance) accounts as needed. 2. Post the beginning balances and January transactions to the T-Accounts. Cash Accounts Receivable L-1 m. II n-til- I - --.-.-.--. I-I- I- il - T A Required information Beg. bal. Jan. 1 Jan. 3 Cash 2,075 34,000 38,000 Beg. bal. Jan. 9 Accounts Receivable 1,300 0 11,600 910 Jan. 7 4,640 Jan. 25 0 8,940 Jan. 2b 5,100 Jan 2c 67,200 Jan. 6 1,368 Jan. 8 1,990 Jan. 16 Jan. 7 910 Jan. 10 End. bal. 7,350 Jan. 20 8,120 4,700 4,640 Jan. 25 End. bal. 7,847 Supplies 1,100 1,400 Beg. bal. Jan. 2a 0 Beg. bal. Jan. 2b Prepaid Insurance 0 01 8,940 745 Jan. 31e 2,000 Jan. 31a End, bal. 500 End. bal. 8,195 Beg. bal. Jan. 2c Prepaid Rent 0 0 5,100 1,700 Jan. 31e 0 Equipment 0 67,200 Beg. bal. Jan. 6 End. bal. 3,400 End. bal. 67,200 Required information Beg. bal. Accumulated Depreciation 0 1,400 Jan. 310 Beg. bal. Jan. 8 Accounts Payable 0 1,710 1,368 1,400 Jan. 2a 1,265 Jan. 30b End. bal. 1,400 End. bal. 3,007 Unearned Revenue 0 Beg. bal. Beg. bal. Jan. 31b 2,820 Notes Payable 0 0 38,000 Jan. 3 4,700 Jan. 20 End. bal. 1,880 End, bal. 38,000 Interest Payable 0 Wages Payable 0 Beg. bal. 0 Beg. bal. 0 190 Jan. 310 1,990 Jan. 30a End. bal. 190 End. bal. 1,990 Contributed Capital 0 2,000 34,000 Jan. 1 Beg. bal. Retained Earnings 0 765 Beg. bal. Required information Beg. bal. 0 Service Revenue 0 0 11,600 Jan. 9 8,120 Jan. 10 2,820 Jan. 31b Beg. bal. Jan. 16 Jan. 30a Wages Expense 1,990 1,990 End. bal. 22,540 End. bal. 3,980 Utilities Expense 0 0 Beg. bal. Jan. 30b Beg. bal. Jan. 31a Supplies Expense 0 2,000 1,265 End. bal. 1,265 End. bal. 2,000 Interest Expense Insurance Expense 0 0 0 0 Beg. bal. Jan. 31C Beg. bal. Jan. 31e 190 745 End, bal. 190 End. bal. 745 Rent Expense Beg. bal. 0 0 Beg. bal. Jan. 31d Depreciation Expense 0 0 1,400 Jan. 31e 1,700 End. bal. 22,540 End, bal 3,980 Utilities Expense 0 1,265 Beg. bal. Jan. 30b 0 Beg. bal. Jan. 31a Supplies Expense 0 0 2,000 End. bal. 1,265 End. bal. 2,000 Interest Expense 0 190 Insurance Expense 0 0 Beg. bal. 0 Beg. bal. Jan. 31e Jan. 310 745 End. bal. 190 End. bal. 745 Beg. bal. Rent Expense 1,700 0 Beg. bal Jan. 31d Depreciation Expense 0 0 1,400 Jan. 31e End. bal. 1,700 End, bal 1,400 v. I ICWAI Luic auiuscu Liai Vaianice. USIKU LIIC ICVISCU SCL VI L-au ! Required information Credit FAST DELIVERIES, INC. Adjusted Trial Balance January 31 Account Title Debit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Wages Payable Interest Payable Notes Payable Contributed Capital Retained Earnings Service Revenue Wages Expenses Utilities Expense Supplies Expenses Depreciation Expense Retained Earnings Service Revenue Wages Expenses Utilities Expense Supplies Expenses Depreciation Expense Insurance Expense Rent Expense Interest Expense Totals $ 0 $ 0 FAST DELIVERIES, INC. Income Statement Service Revenue $ 0 FAST DELIVERIES, INC. Statement of Retained Earnings For the Month Ended January 31 FAST DELIVERIES, INC. Statement of Retained Earnings For the Month Ended January 31 Retained Earnings, Beginning of Period Add: Net Income 0 Retained Earnings, End of Period FAST DELIVERIES, INC. Balance Sheet At January 31 Assets Liabilities Current Assets Current Liabilities Cash $ 11 108|| Accounts Pavable $ 1 648|| Required information At January 31 Assets Liabilities Current Assets Current Liabilities Cash Accounts Payable Accounts Receivable Unearned Revenue Supplies Prepaid Rent Prepaid Insurance Wages Payable Interest Payable $ 0 Total Current Liabilities $ Total Current Assets Equipment Accummulated Depreciation Notes Payable Equipment, net 0 Total liabilities 0 Stockholders' Equity Contributed Capital Retained Earnings Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity $ 0