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Q2. The trial balance for Fleet Relay Services on December 31,20XX, is presented below. The following information is also available: a. Depreciation of office equipment
Q2. The trial balance for Fleet Relay Services on December 31,20XX, is presented below. The following information is also available: a. Depreciation of office equipment for the period, $660. b. Accrued salaries at the end of the month, $330. c. Property taxes for six months, estimated at $1,750, have accrued but have not been recorded. 1. Determine the adjusting entries and post them directly to the T accounts. 2. Prepare an adjusted trial balance. 3. Prepare an income statement and a balance sheet as of the end of year
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