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Problem #1 Red Apple Company, a sole proprietorship, was created in 2008. Presented below are both the adjusted and unadjusted trial balances as of December

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Problem #1 Red Apple Company, a sole proprietorship, was created in 2008. Presented below are both the adjusted and unadjusted trial balances as of December 31, 2020. Red Apple Company Trial Balance December 31, 2020 Unadjusted Adjusted Cash $11,000 $11,000 Supplies 8,400 5,000 $28,000 $35,000 Accumulated Depreciation- Equipment Accounts Payable 5,000 5,000 Salaries and Wages Payable 1,300 Retained Earnings 4,800 4,800 Salaries and Wages Expense 10,000 11,300 Supplies Expense 3,400 $113.400 $113.400 $123.200 $123,200 Instructions: a. Journalize the annual adjusting entries that were made. Instructions: a. Journalize the annual adjusting entries that were made. b. Prepare an income statement for the year ending December 31, 2020, and a balance sheet at December 31

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