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Provided below is a partial worksheet for Salem Unadjusted company Accounts: Trial lancetments djusted trial balance Iecome StatementBelance Sheet Cash Ace. Receivable Supplies Prepaid rent

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Provided below is a partial worksheet for Salem Unadjusted company Accounts: Trial lancetments djusted trial balance Iecome StatementBelance Sheet Cash Ace. Receivable Supplies Prepaid rent Equipment Accum. Dep. 400 1,250 120 1,250 2,170 Acc. Payable Salary Payable Unearned Revenue 260 290 Note Payable Common Stock Retained Earnings Dividends Revenue 2,000 300 Salary Expense Rent Expense Supply Expense Depreciation Exp. Total 240 0 6,800 6,800 Adjustments I. Ending supplies on hand at the end of the period was $80 II. Performed services applicable to unearned revenue for $100. III. Equipment depreciated $50 during the period. IV. Costumer was billed $1,500 for services rendered. V. Rent remaining is $1,000. VI. Month ended on a Wednesday, Salaries owed $1,500.00 Required: Post adjustments to the above worksheet. I. II. Extend the balances to the adjusted trial balance. III. Extend the balances and complete the worksheet. IV. On a separate sheet (below) prepare the Statutory Financial Statements: a. Income Statement, b. c. Statement of Retained earnings Classified Balance sheet V. Prepare the closing entries

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