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please consider the figures carefully The unad, usted trial balance of Fawn Investment Advisers at December 31, 2024, follows: Requirements (Click the icon to view
please consider the figures carefully
The unad, usted trial balance of Fawn Investment Advisers at December 31, 2024, follows: Requirements (Click the icon to view the unadiusted trial balance.) 1. Prepare a worksheet for Fawn investment Advisers at December 31, 2024. Adiustment data at December 31, 2024 2. Prepare the income statement. the statement of retained earnings, and the classified balance sheet in account format. I (Click the icon to view the adjustments) 3. Prepare closing entries Data table a. Unearned Revenue earned during the year, $500. b. Office Supplies on hand, $1,500. c. Depreciation for the year, $5,000. d. Accrued Salaries Expense, $2,500. e. Accrued Service Revenue, $5,500. Requirement 1. Prepare a worksheet for Fawn Investment Advisers at December 31,2024. Section. Enter the adjustments along with the adjustment letter refeerences - (a). (b). (c), etc - into the columns as appropriate. In the following step, complete the Adjusted Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each ste (Abbreviations used: Depr. = depreciation, Exp. = expense, It = Iong term, Pay. = payable, Rec = receivable, Stk. = stock and Supp, = supplies) Fawn Investment Advisers Ivel IICUIIE UI IUSSStep by Step Solution
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