Normal No Spacing Adbu Heading 1 College of Business Department of Finance Introduction to Financial Accounting (ACCT 201) Assignment Due date: 26/11/2020 Student Name: Student ID: ACOSTA CO. Unadjusted Trial Balance December 31, 2019 Account Title Credit Cash Debit 50,000 10,000 Accounts Receivable Supplies 8,000 Automobiles 160,000 55,000 15,000 Accumulated Depreciation - Autos Accounts payable I Unearned fees Salaries payable P. Kleen. Capital B. Kleen Withdrawals 22.000 55,000 45.000 Fees earned 275.400 125.000 24.400 Salary expense Rent expense Advertising expense Supplies expense Depreciation expense Totals 422,400 422.400 homme No Spacing As above is the unadjusted trial balance for ACOSTA CO. Assumes the following adjustments data have been done since December, 2019 (a) Salaries earned by employees that are unpaid and unrecorded, $4,000. (b) An inventory of supplies showed $3,000 of unused supplies still on hand. (c) Depreciation on automobiles, $30,000. (d) Services paid in advance by customers of $12,000 have now been provided to customers. (e) Advertising for November and December in the amount of $8,000 remains unpaid and unrecorded. I You are required to prepare the following in worksheet format. 1. prepare following requirements in the worksheet: I. Prepare adjustments II. Adjusted Trail balance III. Income Statement IV. Balance sheet (Financial Position) Statement 2. Calculate the current ratio from Balance sheet