Q$2.$ From the data provided you will need to make and show appropriate adjustments to both the income statement and the Statement of financial $.$position

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Zeta corporation for Consulting and Investments using the unadjusted trial balance, make the appropriate adjustments, then prepare the adjusted trial balance and extract the suitable financial statements for December $31\mathrm{.}2022$

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Analysis reveals the following additional data:

$\backslash$table$[[-$ Purchased one$-$year Prepaid insurance for $6000$ one month ago.$],[-$ Account of supplies shows $1000$ of unused supplies.$],[-$ one$-$ half of the unearned revenue has been recognized for service performed.$],[-$ Salaries of $4000$ are accrued and unpaid on December $31.],[]]$

Instructions:

$.$ Journalize the adjusting entries on December $313131$

Prepare the financial statements. $$

$\backslash$table$[[\backslash$table$[[$Ueta corporation for Consulting and Investments$],[$December $31\mathrm{.}2022]]],[$Account name,Debit,Credit$],[$Cash$,11300,],[$Accounts receivable,$9700,],[$Prepaid insurance,$4900,],[$Supplies$,3200,],[$Equipment$,14900,],[$Accumulated Depreciation $($Equipment$),,4500],[$Accounts Payable,,$7800],[$Unearned service revenue,,$2400],[$Share capital,,$12900],[$Retained earnings $-$ beginning,,$8100],[$Dividends$,2900,],[$services Revenue,,$45900],[$Salaries and wages expenses,$15900,],[$Utilities expenses,$3000,],[$Depreciation expenses,$1900,],[$Rent expenses,$13900,],[$Total$,81,600,81,600$