Question1: prepare Adjusted Trial Balance

Question2: prepare income statement

Question3: prepare statement of financial position

PROBLEM 1 (8 + 4 + 3 + 3 = 18 points) The account balances (in thousands) appearing on the trial balance on the next page) were taken from the general ledger of Joost Gardening Servic Additional information (in thousands) for the month of December which has not yet been recorded in the accounts is as follows: (a) The depreciation of $ 100 for the month December has been omitted. (b) Joost received an invoice for seeds he ordered in Brasil FOB shipping point were dispatched on December 30, 2019. The amount invc (c) Utilities for the month are $225 no invoice has been received (d) Salaries owed for the month of December was $ 425, but will not be paid until January, 2020 Question 1B (4 points) Prepare in the worksheet (see below) the column Adjusted Trial Balance Question 1C (3 points) Prepare in the worksheet (see below) the column Income Statement Question 1C (3 points) Prepare in the worksheet (see previous page) the column Statement of Financial Position Trial balance Adjustments Adjusted TB Income statement debit credit Statement of financial position debit credit credit debit credit debit credit debit 560 3,800 1,250 950 350 125 960 150 375 Account Titles Cash Equipment Accumulated depreciation Equipment Accounts Receivable Inventory of seeds Accrued Liabilities Accounts Payable Salaries and Wages Payable Share Capital - Ordinary Retained Earnings Dividend Service Revenue Sales Revenue Cost of Goods Sold General Expense Depreciation Expense Utilities Expense Salaries and Wages Expense Totals Net income / loss Totals 75 3,000 390 200 315 6,250 6,250 PROBLEM 1 (8 + 4 + 3 + 3 = 18 points) The account balances (in thousands) appearing on the trial balance on the next page) were taken from the general ledger of Joost Gardening Servic Additional information (in thousands) for the month of December which has not yet been recorded in the accounts is as follows: (a) The depreciation of $ 100 for the month December has been omitted. (b) Joost received an invoice for seeds he ordered in Brasil FOB shipping point were dispatched on December 30, 2019. The amount invc (c) Utilities for the month are $225 no invoice has been received (d) Salaries owed for the month of December was $ 425, but will not be paid until January, 2020 Question 1B (4 points) Prepare in the worksheet (see below) the column Adjusted Trial Balance Question 1C (3 points) Prepare in the worksheet (see below) the column Income Statement Question 1C (3 points) Prepare in the worksheet (see previous page) the column Statement of Financial Position Trial balance Adjustments Adjusted TB Income statement debit credit Statement of financial position debit credit credit debit credit debit credit debit 560 3,800 1,250 950 350 125 960 150 375 Account Titles Cash Equipment Accumulated depreciation Equipment Accounts Receivable Inventory of seeds Accrued Liabilities Accounts Payable Salaries and Wages Payable Share Capital - Ordinary Retained Earnings Dividend Service Revenue Sales Revenue Cost of Goods Sold General Expense Depreciation Expense Utilities Expense Salaries and Wages Expense Totals Net income / loss Totals 75 3,000 390 200 315 6,250 6,250