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Please help with this question. The journal entries and trial balance and income statement. The past questions trial balance is given. Journalize the following adjustments.

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Please help with this question. The journal entries and trial balance and income statement. The past questions trial balance is given.

Journalize the following adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round answers to decimal places, eg. 1,525.) (1) Services performed for customers through February 27, 2022, but unbilled and uncollected were $4,200. (2) Received notice that a customer who was billed $200 for services performed February 10 has filed for bankruptcy. Kingbird, does not expect to collect any portion of this outstanding receivable. Kingbird, uses the allowance method to estimate bad debts. Kingbird, estimates that 3% of its month-end (3) receivables will not be collected. Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated life of 4 years, and $500 salvage value. (5) Record 1 month of insurance expense. (6) An inventory count shows $400 of supplies on hand at February 28. One week of services were performed for the customer who paid in advance on February 17. (8) Accrue for wages owed through February 28, 2022. (9) Accrue for interest expense for 1 month. Karen estimates a 20% income tax rate. (Hint: Prepare an income statement up to income before income taxes to help with the income tax calculation.) (10) Debit Credit No. Account Titles and Explanation Accounts Receivable 1. 4200 Service Revenue 4200 2. Allowance for Doubtful Accounts 200 200 3. Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts 515 515 4. Depreciation Expense 100 Accumulated Depreciation-Equipment 100 5. Insurance Expense 768 Prepaid Insurance 768 6. Supplies Expense 490 Supplies 490 7. 144 Unearned Service Revenue Service Revenue 144 8. Salaries and Wages Expense 2112 Salaries and Wages Pavable 2112 Allowance for Doubtful Accounts 515 100 100 5. Depreciation Expense Accumulated Depreciation Equipment Insurance Expense Prepaid Insurance Supplies Expense 768 768 6. 490 Supplies 490 Unearned Service Revenue 144 144 8. 2112 Service Revenue Salaries and Wages Expense Salaries and Wages Payable Interest Expense 2112 9. 39 Interest Payable 39 10. Income Tax Expense Income Taxes Payable eTextbook and Media I Kingbird, Trial Balance February 28, 2022 Debit Credit $ $ (81) Prepare a multiple-step income statement as of February 28, 2022. (Round answers to O decimal places, eg. 1,525.) Kingbird, Income Statement V $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Your answer is correct. Prepare a trial balance at February 28, 2022. Kingbird, Trial Balance February 28, 2022 Debit Credit Cash $ 8516 $ Accounts Receivable 6500 Supplies 890 Prepaid Insurance 2340 Prepaid Expenses 190 Equipment 5300 Accounts Payable 490 Notes Payable 7800 Unearned Service Revenue 576 Common Stock 7200 Paid-in Capital in Excess of Par-Common Stock 4800 Dividends 880 Treasury Stock 1200 Service Revenue 8900 190 Utilities Expense Salaries and Wages Expense 3520 Loss on Disposal of Plant Assets 240 Total 29766 29766 e Textbook and Media

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