Need helpwiththe attached accounting homework problems.

B-03.08 Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described below. Record in the space provided at the bottom of this spreadsheet. After completing journal entries, compl adjusted trial balance below. Lastly complete the income statement, balance sheet and statement of retained e The balance sheet must balance. The accounting equation is Assets = Liabilities + Equity. Baltimore Corporation Unadjusted Trial Balance January 31, 2016 Debits Cash $ Accounts receivable Credits 37,500 $ - 12,410 - Prepaid insurance 2,400 - Supplies inventory 7,113 - 35,000 - Accumulated depreciation - 10,000 Accounts payable - 7,569 Salaries payable - - Interest payable - - Unearned revenue - 8,500 Loan payable - 11,500 Capital stock - 25,000 Retained earnings, Jan. 1 - 15,457 Revenues - 43,995 Depreciation expense - - Interest expense - - Insurance expense - - 2,500 - Rent expense 13,000 - Salary expense 12,098 - Supplies expense - - Utilities expense - - Equipment Office expense $ 122,021 $ 122,021 B-03.08 Belair Corporation's equipment had an original life of 140 months, and the straight-line depreciation 1 As of the end of the month, Belair Corporation has provided services to customers for which the earn 2 Formal billings are normally sent out on the first day of each month for the prior month's work. Janua 3 Utilities used during January, for which bills will soon be forthcoming from providers, are estimated at A review of supplies on hand at the end of the month revealed items costing $3,500. 4 5 6 The $2,400 balance in prepaid insurance was for a 6-month policy running from January 1 to June 30. The unearned revenue was collected in December of 2014. 60% of that amount was actually earned The loan accrues interest at 1% per month. No interest was paid in January. 7 8 At month end, salaries of $2,120 have been earned but not paid. JE # ACCOUNT 1 2 3 4 5 6 DEBIT CREDIT B-03.08 7 8 Baltimore Corporation Adjusted Trial Balance January 31, 2016 Debits Credits Cash Accounts receivable Prepaid insurance Supplies inventory Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Unearned revenue Loan payable Capital stock Retained earnings, Jan. 1 Revenues Depreciation expense Insurance expense Interest expense Office expense Rent expense Salary expense Supplies expense Utilities expense $ - $ Baltimore Corporation Income Statement For the month ended January 31, 2016 - B-03.08 Baltimore Corporation Balance Sheet January 31, 2016 B-03.08 Baltimore Corporation Statement of Retained Earnings As of January 31, 2015 ord the various described items ng journal entries, complete the d statement of retained earnings. B-03.08 traight-line depreciation method is used. omers for which the earnings process is complete. rior month's work. January's unbilled work is $25,000. oviders, are estimated at $1,500. rom January 1 to June 30. ount was actually earned in January, with the remainder to be earned in February. B-03.08 B-03.08 B-03.08 B-03.08