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Question 3: Consider the unadjusted trial balance of Glasgow, Inc., at August 31, 20X6, and the related month-end adjustment data. clanow, Inc. Trial Balance Workshee

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Question 3: Consider the unadjusted trial balance of Glasgow, Inc., at August 31, 20X6, and the related month-end adjustment data. clanow, Inc. Trial Balance Workshee August 31, 2016 Tralance Dube Datud DOR Credit 100 2.400 81.00 3.500 200 1.000 5 ACOUSecable o Prepaid rent TSupplies 9 Accurated depreciation 10 Accounts payable 11 Salary payable 12 Share capital 13 Retained coming 14 vidends 15 Service 10 Salary expense 17Rent expense 18 US expense 19 Depreciation spetse 20 Supplies expertise 21 Toti 22 Adjustment data at August 31, 20X6, include the following: a. Accrued advertising revenue at August 31, 2,200 b. Prepaid rent expired during the month. The unadjusted prepaid balance of 2,400 relates to the period August 20X6 through October 20X6. c. Supplies used during August, 1,900 d. Depreciation on furniture for the month. The furniture's expected useful life is five years. e. Accrued salary expense at August 31 for Monday, Tuesday, and Wednesday. The five-day weekly payroll is 5,500 and will be paid on Friday. Requirements 1. using the Exhibit as an example, prepare the adjusted trial balance of Glasgow, Inc., at August 31, 20X6. Key each adjusting entry by letter. 2. Prepare the monthly Income Statement, the statement of changes in equity, and the classified Balance Sheet. Draw arrows linking the three statements

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