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Problem 3-67A Adjusting Entries and Financial Statements You have the following unadjusted trial balance for Rogers Corporation at December 31, 2019: Rogers Corporation Unadjusted Trial

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Problem 3-67A Adjusting Entries and Financial Statements You have the following unadjusted trial balance for Rogers Corporation at December 31, 2019: Rogers Corporation Unadjusted Trial Balance December 31, 2019 Account Debit Credit Cash $ 3,100 15.900 4,200 12500 625,000 $ 104,000 Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Other Assets Accounts Payable Unearned Service Revenue Note Payable (due 2022) 60,900 9.400 11,200 50,000 279,500 Common Stock 37,000 Retained Earnings, 12/31/2018 Connn Covia DAVOLA A a en POS Service Revenue 598,000 137,000 Wages Expense Rent Expense Interest Expense 229,000 4,500 $1,089,100 Total 51,089,100 At year end, you have the following data for adjustments: An analysis indicates that prepaid rent on December 3: should be $2,300 b. A physical inventory shows that $650 of office supplies is on hand. c. Depreciation for 2019 is $35,250. d. An analysis indicates that uneared service revenue should be $3,120. e. Wages in the amount of $3,450 are owed but unpaid and unrecorded at year end. 1. Six months' interest at 3% on the note was paid on September 30. Interest for the period from October 1 to December 31 is unpaid and unrecorded 9. Income taxes of $55,539 are owed but unrecorded and unpaid. Required: 1. Prepare the adjusting entries. Dec. 31 (Record use of prepaid rent) Dec. 31 D 1125 2/16/2 a O (Record use of prepaid rent) Dec. 31 (Record use of supplies) Dec. 31 (Record depreciation on equipment) Dec. 31 1.I 0 0 0 (Record earned revenue) Dec. 31 (Record wages owed to employees) Dec. (Record accrued Interest) 501 o (Record accrued interest) Dec. 31 (Record income taxes owed) 2 a. Prepare an income statement using adjusted account balances. Rogers Corporation Income Statement For the Year Ended December 31, 2019 Less operating expenses: !! g a

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