P4-31A

ementsat December 31, 2018, nem../trial balance of Farish Investment Advisers at follows: P4- 228 chapter Learning Objectives t,2.3 P43IA Preparing 1A Preparing a worksheet, financial statements, and clo 2 Total Assets 5106, 500 FARISH INVESTMENT ADVISERS ted Trial Balance December 31, 2018 Credit Debit 30,000 51,000 7,000 Account Title Cash 28,000 9,000 Office Supplies ipment 13,000 Accounts Payable 5,500 21,000 56,500 Salaries Payable Unearned Revenue Notes Payable (iong-term) Farish, Capital 29,000 Farish, Withdrawals 93,000 Service Revenue 2,500 40,000 Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense Depreciation Expense-Equipment 5,500 5,000 Total 198,000 $ 198,000 Adjustment data at December 31, 2018: $800. b. Office Supplies on hand, $4,500. c. Depreciation for the year, $4,500 d. Accrued Salaries Expense, $5,000. e. Accrued Service Revenue, $6,500. Requirements 1. Prepare a worksheet for Farish Inves 2. Paparethe ncome statement, the sacement of owner's equity, and the classfid banc sheet in ccunt format. Assume there owner during the year unt format. Assume there were no contributions made by the 3. Prepare closing entries