not all the accounts for the adjusting entries are shown, they have to be created, like depreciation expense. just do as much as you can.

the 9 statements are adjusting entries that need to be done and then an income statement, statement of stockholders equity and a balance sheet

28 1. Office equibment is depreciated at a rate of 10% per vear. \begin{tabular}{|l|lrcr} & \multicolumn{1}{|c}{ A } & B & C & D \\ \hline 1 & unadjusted trial balance as of December 31,2021 appears below. \\ \hline 2 & & & \\ \hline 3 & \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline 4 & Cash & 30,000 & \\ \hline 5 & Accounts Receivable & 40,000 & \\ \hline 6 & Allowance for Doubtful Accounts & 4,000 & \\ \hline 7 & Investments - Available for Sale & 120,000 & \\ \hline 8 & Supplies & 1,500 & \\ \hline 9 & Inventory & 60,000 & \\ \hline 10 & Notes Receivable & 20,000 & \\ 11 & Prepaid Insurance & 6,000 & \\ 12 & Office equipment & 80,000 & \\ 13 & Accumulated Depreciation & & 30,000 \\ \hline 14 & Accounts payable & & 31,000 \\ 15 & Notes Payable & & 50,000 \\ \hline 16 & Common Stock & & 60,000 \\ \hline \end{tabular} 6. \$800 of supplies remained on hand at December 31,2021. 7. The company received $2,000 from a customer in December for 1,500 pounds of spaghetti to be delivered in January 2022. 8. Management estimates that 5% of receivables will become uncollectible. 9. In March, 2021, the company invested $120,000 in stock of a start-up company. As of December 31,2021 , the investment's fair value is $170,000 The company's stock consists of 60,000 shares of no par value stock. This is the maximum amount of shares authorized. The income tax rate 21%. Required: a. Using the information provided, prepare a 10-column worksheet for Alfredo's for the year ended December 31,2021. b. Prepare a separate worksheet showing your adjusting entries in good form. c. Prepare a multiple step income statement, statement of retained earnings and a classified balance sheet. A statement of cash flow is not required. 27 formation necessary to prepare the year-end adjusting entries appears below. 28 Office equipment is depreciated at a rate of 10% per year. 29 Employees are paid weekly on Friday, for the previous 5-day work week. Employees were paid on Friday, December 31, for the week ended Friday, December 24 th. 30 On October 1,2021 , Alfredo borrowed $50,000 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 6%. The principal is due in 10 ye 31 On March 1, 2021, the company lent a supplier $20,000 and a note was signed requiring principal and interest at 5% to be paid February 28,2022. 32 On April 1, 2021 the company paid an insurance company $6,000 for a one-year fire insurance policy. 33$800 of supplies remained on hand at December 31, 2021. 34 The company received \$2,000 from a customer in December for 1,500 pounds of spaghetti to be delivered in January 2022. 35 Management estimates that 5% of receivables will become uncollectible. 36 In March, 2021, the company invested $120,000 in stock of a start-up company. As of December 31,2021 , the investment's fair value is $170,000 38 e company's stock consists of 60,000 shares of no par value stock. This is the maximum amount of shares authorized. The income tax rate is 21%. 1. Office equipment is depreciated at a rate of 10% per year. 2. Employees are paid weekly on Friday, for the previous 5-day work week. Employees were paid on Friday, December 31, for the week ended Friday, December 24th. 3. On October 1,2021 , Alfredo borrowed $50,000 from a local bank and signed a note. The note requires interest to be paid annually on september 30 at 6%. The principal is due in 10 years. 4. On March 1, 2021, the company lent a supplier \$20,000 and a note was signed requiring principal and interest at 5% to be paid February 28,2022. 5. On April 1, 2021 the company paid an insurance company $6,000 for a one-year fire insurance policy. 6. $800 of supplies remained on hand at December 31,2021. 7. The company received $2,000 from a customer in December for 1,500 pounds of spaghetti to be delivered in January 2022. 8. Management estimates that 5% of receivables will become uncollectible. 9. In March, 2021, the company invested $120,000 in stock of a start-up company. As of December 31,2021 , the investment's fair value is $170,000 The company's stock consists of 60,000 shares of no par value stock. This is the maximum amount of shares authorized. The income tax rate is 21%. Required: a. Using the information provided, prepare a 10-column worksheet for Alfredo's for the year ended December 31,2021. b. Prepare a separate worksheet showing your adjusting entries in good form. c. Prepare a multiple step income statement, statement of retained earnings and a classified balance sheet. A statement of cash flow is not required. 27 Information necessary to prepare the year-end adjusting entries appears below. 28 1. Office equipment is depreciated at a rate of 10% per year. 29 2. Employees are paid weekly on Friday, for the previous 5-day work week. Employees were paid on Friday, December 31 , for the week ended Friday, December 24 th. 31 4. On March 1, 2021, the company lent a supplier $20,000 and a note was signed requiring principal and interest at 5% to be paid February 28,2022 . 32 5. On April 1, 2021 the company paid an insurance company $6,000 for a one-year fire insurance policy. 6. $800 of supplies remained on hand at December 31,2021. 7. The company received $2,000 from a customer in December for 1,500 pounds of spaghetti to be delivered in January 2022 . 8. Management estimates that 5% of receivables will become uncollectible. 9. In March, 2021, the company invested $120,000 in stock of a start-up company. As of December 31,2021 , the investment's fair value is $170,000 Info Ready 2 Pe Accessibility: Good to go Type here to search