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Please prepare the adjusted trial balance, income statement, statement of owner's equity, balance sheet, and closing journal entries, using the information above. 7 3 9
Please prepare the adjusted trial balance, income statement, statement of owner's equity, balance sheet, and closing journal entries, using the information above.
7 3 9 10 11 12 13 14 15 16 17 18 19 20 Unadjusted Trial Balance December 31, 2019 Cash 26,750 Accounts Receivable 19,900 Supplies 3,600 Prepaid Insurance 1,200 Land 50,000 Building 57,500 Accum Deprec - Bldg 27,400 Equipment 32,000 Accum Deprec-Equip 11,200 Accounts Payable 3,350 Salaries Payable 2,000 Wages Payable 0 Unearned Revenue 2,000 Capital 125,350 Drawing 2,000 Service Revenue 44,000 Rent Revenue 700 Wages Expense 7,000 Utilities Expense 1,650 Rent Expense 2,500 Supplies Expense 1,800 Depreciation Expense-Bldg 4,000 Depreciation Expense-Equip 1,000 Insurance Expense 3,600 Miscellaneous Expense 1,500 216,000 216,000 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 42 43 Prepare the adjusting entries for the following transactions 1. There were unbilled customers for services previosly performed $9,000. 2. Services revenue previously unearned was earned during the period in the amount of $700. 3. Wages payable were $2,000 4. Supplies used during the month were $1,500. 5. Depreciation during the period on the building was $4,000. 6. Insurance expired during the period was $600. 44 45 46 42 48 49 50 51 52 Prepare the adjusted trial balance, Income statement, statement of owner's equity. balance sheet and closing journal entries, using the information above. 53 54Step by Step Solution
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