O The unadsted bf x Research at December 31, 2020, and the related month and data appear below Click on to view the ed il balance) Click the icon to view the month and adjustment data) Required 1. Prepare the adjusted la balance of Haife Research of December 31, 2020 by skolingaccounts in your not to calculate the new balances 2. Prepare the income statement and the statement of owner's equity for the year ended December 31, 2026, and the blance sheet December 2000 Wite a short description of how the the financial statements are ned Requirement 1. Prepare the adjusted vial balance of Hallax Research of December 31, 2020 by sketching Taccounts in your motes to calculate the new balances Complete the intedial balance. Remember to consider the curtments provided in the problem (Round all adjustments to the mareut whole dollar. Il a box is not used in the adjusted trial balance, nove the box empy, do not era ) Halifax Research Adjusted Til Balance December 31, 2020 Balance Account the Debit Credit Cash Account civil Choose to any or enter any number in the input Melds and then continue to the next question CHCE, CUCU, LODRESE GUCCI EFFER OR VIVUT V December 31, 2020 Balance Account Title Debit Credit Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated amortization--furniture Accounts payable Salaries payable 1. Prepare the adjusted trial balance of Halifax Research at December 31, 2020 by sketching T-accounts in your notes to calculate 2. Prepare the income statement and the statement of owner's equity for the year ended December 31, 2020, and the balance shee HUCOURS payure Salarios payable J Suzuki, capital J. Suzuki, withdrawals Consulting revenue Salaries expense Rent expense Utilities expense Amortization expense-furniture Supplies expense Total Choose from any list or enter any number in the input fields and then continue to the next question 2. Prepare the income statement and the statement of owner's for the year ended December 31, 2020, and the balance sheet at December 31, 2020 Wibe a short description of how the two financial statements are link Requirement 2. Prepare the income town and the statement of owner's equity for the year ended December 31, 2020, and the balance sheet of December 31, 2020. Write a short description of how the the financial statements are linked Begin with the income statement Reven Expenses the nuts and then continue to the next question Judi Dell Del 31, 2020 by sketching T-accounts in your notes to calculate the new balances statement of owner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a short description Revenue: Expenses Total expenses Net income ber in the input fields and then continue to the next question 2. Prepare the income statement and the statement of owner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020 Net income Next, prepare the statement of owner's equity Add Less Choose from any list or enter any number in the input fields and then continue to the next question 1. Prepare the adjusted trial balance of Halifax Research at December 31, 2020 by sketching accounts in your notes to calculate the new balances 2. Prepare the income statement and the statement of owner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Writ Less: Finally, prepare the balance sheet Begin with the heading, and then complete the body of the statement Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next question Finally, prepare the balance sheet. Begin with the heading, and then complete the body of the statement. Assets Liabilities Total liabilities Owner's Equity Choose from any list or enter any number in the input fields and then continue to the next question nones wers or the year ended December 31, 2020, and the one the December 2000 testo of how the track Totales Owner's Equity Total assets Totales and owners equity Write a short description of how the three financial statements are linked from the income statement is transferred to the The ending balance of is then transferred to the wesequity section of the balance sheet Choose from any list or enter any number in the input fields and then continue to the next question 8/3/2020 Unusled Trial Balance Halifax Research Unadjusted Trial Balance December 31, 2020 Balance Account Title Debit Credit Cash $ 24,200 38,500 12,000 2,400 72,000 $ 13,800 Accounts receivable Prepaid rent Supplies Furniture Accumulated amortization--furniture Accounts payable Salaries payable J. Suzuki, capital J. Suzuki, withdrawals Consulting revenue 18,400 0 125.000 46,000 121,500 Salaries expense 32,000 Rent expense 33 000 Utilities expense 12,000 Amortization expense furniture 6.600 0 Supplies experise S 278.700||$ 276.700 Tola 0 Adjustments - X escrip a. a b. er used c. d. Accrued consulting revenue at December 31, $3,800. The prepaid balance of $12,000 represented one year of rent. Four months of prepaid rent have been used Supplies remaining on hand at December 31, $900. The estimated useful life of the furniture is 10 years; it will have no value at the end of 10 years, and the straight-line method of amortization is used. Amortization expense had only been taken for the first 11 months. Accrued salaries expense at December 31 is for three days. The five-day weekly payroll is $6,000 e. Ball Print Done
