Prepare the adjusted trial balance, using the revised set of t-account balances.

Required information [The following inforrnation applies to the questions displayed beiw1 Francine's Fast Deliverles, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below Francine's Fast Delverles, Inc. Assets: 1475 Accounts Payable 900 Stockholders Equity 700 Contrbuted Capital Retained Earnings S 1,010 S1,500 Total Assets $3,075 Total Liabilities & Stk. Equity S3,075 lanuary Transactions for Francine's Fast Deliveries, Inc IFFD) 1 Owners invest $26000 of additional cash in the business. 2a Supplies are purchased for $950 on account. 2b Insurance is paid for 12 months beginning January 1: 7,500 (Record as an asset) 2c Rent is paid for 3 moths beginning in January. 53,750 Record as an assel) 2d Two employees are hired. Each employee will be paid S1,430 per month 3 FFD borrows$29,000 from 1st State Bank at 6% annual interest A delvery van is purchased for cash. Including tax the total cost was $48,000. It 6 will be used for 4 years and ill be depreciated monthly using straight-line with 7 8 9 10 16 no salvage value. A full mionth of depreciation will be charged in January $630 of the recevables from December's sales are collected S308 of the accounts payable from December are paid. Performed services for customers on account. Mailed invoices totaling $9.800 Services are performed for cash customers: $6,860 Wages for the first half of the month are pald on January 16: $1.430. The company receives S3,350 fromi a customer for an advance order for services to be provided in January and Fehruary. 25 Collections from customers on account(see January 9 transaction: $3,920 30b A S905 utility bill for January arrived. it is due on February 15. Additional Information for adjusting entries at January 31 The last 2 weeks wages earned by employees are $715 per employee and will be paid on February3 a. Supplies on hand on January 31 total $330. The company completed 60% of the deliveries for the customer who paid in advance C. Interest is accrued for the bank loan. (Assume a full month for the 1State Bank loan.] d Record January depreciation e. Adjust the prepaid asset (Rent and Insurance) accounts as needed. 6. Prepare the acjusted trial halance, using the revised set of t-account halances FASI DELIVERIES, Adjustad Trial Balancs January 31 Credit Accounts Receivable Propaid Ran Prepaid Insurance Accounts Payable Unearned Revenue Uiliies Expenee Dcpreciation Expense Insurance Expense Rent Expanse