NEWS VAN Un Dull 14 Project #3: Unearned Revenue Balance Sheet Fido's Food Mart General Ledger Accounts in Alphabetical Order November 30, 20XX Account Title Debits Credits Accounts payable 25,818 Accounts receivable 13,012 Accumulated depreciation - Equipment and vehicle Bonds payable (mature 12/31/XX) 12,000 Cash 20,531 Common stock (200 shares @ $210/share, par $210) 42,000 Equipment 30,550 Inventory 44,160 Operating expenses 27,340 Rent expense 3,450 Retained earnings 0 Sales revenue 82,625 Supplies 1,850 Unearned revenue (gift cards) 0 Vehicle 12,250 Wages expense 9,300 Totals 162,443 162,443 Income Statement The acccount balances at the end of the third month of operations at Fido's Food Mart are shown above in alphabetical order. Pomired: Vehicle Wages expense Totals 12,250 9,300 162,443 162,443 ccount balances at the end of the third month of operations at Fido's Food Mart are shown in alphabetical order. red: On the last day of the month, the accountant took a look at ledger balances and noticed that a gift card sale was missed. Record the sale of fifteen (15) gift cards valued at $25 each. a. Show the balancing effects on the accounting equation b. Record the journal entry in two-line format using a debit and a credit. c. Show T-accounts with beginning balances, transactions and end balances. Prepare an updated unadjusted trial balance that reflects the gift card sale. Be sure to rearrange the accounts to reflect proper ledger order (i.e., assets, liabilities, etc.) Using the updated trial balance prepared in step 2, prepare the following: a. Single-step income statement b. Statement of retained earnings c. Classified balance sheet www