paramount data corporation

Worksheet, Adjustment Entries, Financial Statements, Closing Entries - Weight of Score: 75% (75 Points) The following list presents the accounts and balances for Paramount Data Corporation on November 30, 2019. AI the accounts have normal balances and are in US$ Acc No. Account Title Amount 11 Cash 25.000 12 Accounts Receivable 38,900 13 Prepaid Insurance 2.400 14 Supplies 15 Land 48000 16 Building Accumulated Dep-Building Equipment 18 19 21 31 32 33 41 51 Accumulated Dep-Equipment Accounts Payable Uneamed Rent Share Capital Retained Earnings Dividends Service Revenue interest Expense Page 2 of 3 52 53 54 59 Salaries Expense Advertising Expense Unities Expense Miscellaneous Expense Adjustment data on November 30, 2019 (a) Expired insurance is $100 (b) Uneamed rent at the end of the period is only $10.200 (c) Supplies on hand is $320 (d) Service Revenue but unbilled is $1,560 (e) Acued salaries expense is $1,250 Depreciation of building for this period is $254 g) Depreciation of equipment for this period is $330 Instructions: 1) Prepare Adjustment Entries for the data above 2) Complete the Worksheet 3) Prepare Financial Statements of Paramount Data Corporation for the period ended on November 30, 2019 Income Statement, Retained Earnings Statement, and Statement of Financial Position) 4) Precase Closing Entries