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QUESTION Wizards Adjusted Trial Balance December 31, 2022 Credit Account Debit Cash Accounts receivable Unexpired Insurance Prepaid rent $ 27,800 4,300 8,700 3,200 Supplies
QUESTION Wizards Adjusted Trial Balance December 31, 2022 Credit Account Debit Cash Accounts receivable Unexpired Insurance Prepaid rent $ 27,800 4,300 8,700 3,200 Supplies 1,400 Truck Accumulated Dep.: Truck Equipment Accumulated Dep.: Equipment Accounts payable Notes payable 140,000 75,000 28,000 14,000 2,200 38,000 900 Salaries payable Interest Payable 300 1,700 Income taxes payable Unearned service revenue 2,000 18,000 Capital stock 21,000 Retained earnings Dividends 3,300 Service revenue earned 194,000 Insurance expense 1,800 Office rent expense 28,000 Supplies expense 5,600 Salaries expense 72,000 Depreciation expense: Truck 16,000 Depreciation expense: Equiplment 4,000 Repair and maintenance 5,300 Fuel expense 2,200 Miscellaneous expense 2,700 Inerest expense 3,800 Income taxes expense 9,000 Total 367,100 367,100 Required: a. Prepare the financial statements.) (LO1,LO2, LO3, LO4) - 25 points each 1. Income stetemnt // 2. Statement of retined earinings // 3. Balance Sheet b. Prepare (journalize) the closing entries. - 25 points
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