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Please help me prepare the adjusted trial balance, income statement, statement of owner's equity, balance sheet and closing journal entries, using the information above. 3
Please help me prepare the adjusted trial balance, income statement, statement of owner's equity, balance sheet and closing journal entries, using the information above.
3 2 9 Cash 11.000 Accounts Receivable Prepaid insurance 2,400 Supplies 1,000 Land 210,000 Building 120,000 Accumulated Depreciation building 65,000 Equipment 72,000 Accumulated depreciation equip 32,500 Accounts Payable 32,000 Wages Payable 0 Unearned revenue 21,700 Notes Payable 49,000 Capital 110,000 Drawing 2,000 Service fees earned 127,000 Rent earned 25,200 Supplies (e) 200 Insurance 1,200 Wages 3,500 Telephone 1,000 Depreciation 20 000 Miscellaneous 100 TOTALS 462,400 462,400 0 1 2 B 4 3 2 5 5 7 B Prepare the adjusting entries for the following transactions 2 Adjusting ournal entris 1 Supplies used during the period were $200 2. Insurance premiums expired during the period were $1,200 3. Depreciation of building during the period is $18,000 4. Wages accrued at the end of the period were $1,000 5. Depreciation of equipment during the period is $4,000 6. Unbilledfees at the end of the period are 59,000 7. Of the unearned fees previously received in advance $5,000 were received during the month 4 6 2 B Prepare the adjusted trial balance, income statement statement of owner's uit balance sheet and closing journal entries using the information aboveStep by Step Solution
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