Question ens well Studio press Castrum performicking out stalne dem Chen Fees Rewable Studio Equipment Se c Account Payake tion Studio Equipment N2210 Uneamed Client Fees Pat Patellt. Mithrawals Client Fees larmed Supplies tense Salary Experts Interest Expense Studio Rent Expense 11.250 Other/wa Suplies on hand at December 31, 2000, total sco. - ODDSOOD The studio pay rent quarterly (nevy three month) in advance. The last payment was made November 1, 2002. The next payment will be made in February 2003 Srudio equipment is being depreciated over 120 months (10 years). On October 1, 2002, the Patella borrowed $84.000 by signing a 12- th. 19% maite ahle, The entire amount, plus interest is due on September 30, 2003 A Dember 31, 2002, 53.000 of previously uncanned client fees had been earned w) Achied, but unrecorded and uncollected client fees earned total 3690 at December 31 2002 ii) Accred, but unrecorded and unpaid salary expense totals $750 at December 31, 2002 ) Prepare the necessary adjusting journal entries on December 13, 2002. Fill in the adjustments and adjusted trial balance columns in the Partial Wa sh provided, identifying each adjustment by letter). (See page 12). From the adjusted trial balance, prepare an income statement and statement of er equity for the year ended December 31, 2002. Also prepare the entity's classified balance sheet dated December 31, 2002. Prepare the necessary year-end closing entries. Prepare a post-closing trial balance. Question ens well Studio press Castrum performicking out stalne dem Chen Fees Rewable Studio Equipment Se c Account Payake tion Studio Equipment N2210 Uneamed Client Fees Pat Patellt. Mithrawals Client Fees larmed Supplies tense Salary Experts Interest Expense Studio Rent Expense 11.250 Other/wa Suplies on hand at December 31, 2000, total sco. - ODDSOOD The studio pay rent quarterly (nevy three month) in advance. The last payment was made November 1, 2002. The next payment will be made in February 2003 Srudio equipment is being depreciated over 120 months (10 years). On October 1, 2002, the Patella borrowed $84.000 by signing a 12- th. 19% maite ahle, The entire amount, plus interest is due on September 30, 2003 A Dember 31, 2002, 53.000 of previously uncanned client fees had been earned w) Achied, but unrecorded and uncollected client fees earned total 3690 at December 31 2002 ii) Accred, but unrecorded and unpaid salary expense totals $750 at December 31, 2002 ) Prepare the necessary adjusting journal entries on December 13, 2002. Fill in the adjustments and adjusted trial balance columns in the Partial Wa sh provided, identifying each adjustment by letter). (See page 12). From the adjusted trial balance, prepare an income statement and statement of er equity for the year ended December 31, 2002. Also prepare the entity's classified balance sheet dated December 31, 2002. Prepare the necessary year-end closing entries. Prepare a post-closing trial balance