"Prepare Adjusting Journal Entries (given the information below), then an Adjusted Trial Balance given said information. Prepare an Income statement, Retained Earnings, Statement, and a Classified Balance Sheet (in this order). Finally, answer the following questions: 1) 'What is the dollar amount for Net Income or Net loss?' 2) 'What is the dollar amount for Ending Retained Earning?' 3) 'What is the amount for total Current Assets?' 4) 'What is the dollar amount for Total Current Liabilities?' 5) 'What is the dollar amount for Total Stockholders Equity?' 6) 'What is the dollar amount for Total Assets?'" Sorry to bombard you with this gigantic question, but I can't do it myself....

Part 1: Prepare adjusting journal entries using the unadjusted trial balance provided to you in Question 1 of the Financial Statement Homework quiz on D2L and the information provided below. The Unadjusted Trial Balance can be downloaded from the D2L quiz by right clicking on the image and saving it to your computer. When preparing the adjusting journal entries, use only the account names provided in the Unadjusted Trial Balance (do not create any new account names and do not abbreviate account names). 1. The prepaid insurance balance reflects a 12-month insurance policy which started on Sept. 1, 2018, and no adjustments were made from Sept. 1 - Dec. 31, 2018. Write the adjusting journal entry for Dec. 31, 2018. 2. Additional depreciation expense of $15,000 needs to be recorded for the year ended 2018. 3. Wages due to employees of $8,000 need to be recorded at year end. These wages will be paid to employees on January 9, 2019. (next month) 4. The company has completed $12,900 of the amount in unearned revenue as of Dec. 315 5. In Dec. the company provided services worth $8,000 to clients that were not yet billed or recorded by Dec. 31. Record the additional revenue. 6. On Dec 31" the company completed a physical count of their supplies and determined that only $4,000 of supplies are still on hand. Page 2 of 8 Adams Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 126,000 23,000 9,500 24,000 110,000 15,000 75,000 40,000 8,000 17,900 12,500 45,000 46,000 67,600 5,000 474,500 10,000 47,000 5,000 54,000 10,000 145.000 13,000 4,000 36,000 711,500 | 711,500