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Q2. Company Y's unadjusted trial balance is shown below. After financial review, adjustments 1-5 were made to the relevant accounts. Using these adjustments and the

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Q2. Company Y's unadjusted trial balance is shown below. After financial review, adjustments 1-5 were made to the relevant accounts. Using these adjustments and the template for correcting trial balance, prepare the new trial balance for Company Y. Q3. Using the adjusted trial balance that you completed in Q2 for Company Y, prepare the income statement, statement of retained earnings and balance sheet for Company Y. Adjustments: Only one month of insurance was used on a 24 month policy valued at $2400. 2. The value of supplies used at year's end was $1300. Accumulated depreciation on equipment for year end 2018 was $1800. +4 Unearned consulting revenue for December 312018 amounted to $3400. +5. A consultant working from December 14th till January 2 nd (19 days) has already earned 17 of 19 days pay. This needs to be adjusted on the trial balance. Show the new trial balance below. (Remember to use the correct format from your notes). If you wish to attach a sheet here then please feel free

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