Required Information The following information applies to the questions displayed below. Francine's Fast Dellverles, Inc. (FFO) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Francine's Fast Deliveries, Inc. Balance Sheet at January 1, 2012 Assets: Llabilities: Cash $2,225 Accounts Accounts Payable Accounts Recelvable 1,400 Stockholders' Equity: Supplies 1.200 Contributed Capital Retained Earnings $ 2,010 $2,000 815 Total Assets $4,825 Total Llabilities & Stk. Equity $4.825 January Transactions for Francine's Fast Deliveries, Inc. (FFD) Date 1 Owners Invest $36,000 of additionat cash in the business. 23 Suppiles are purchased for $1.500 on account. 2b Insurance is paid for 12 months beginning January 1: 59.300 IRecord as an asset) 2c Rent is paid for 3 months beginning in January: 55,400 (Record as an asset 20 Two employees are hired. Each employee wil be paid $2.130 per month 3 FFD Dorows $40,000 from 15T State Bank at 6% annual Interest. A delivery van is purchased for cash. Including tax the total cost was $72.000.it 6 will be used or 4 years and will be depreciated monthly using straight-line with no salvage value. A futt month of depreciation will be charged in January 7 $980 of the recevables from December sales are collected @ $1,600 of the accounts payable From December are paid. 9 Performed services for customers on account. Ma ed invoices totaling $12.000 10 Services are performed for cash customers: 50.400. 56 Wages for the first half of the month are pala on January 16: $2.130. The company receres $5.000 from a customer for an advance order for services to be provided in January and February 25 Collections from customers on account ises january s transaction 54.800 30 The last 2 weeks wages earned by employees are 51065 per employee and we be paid on February 3 300 A 51355 utt bli for January Bv Que on February 15 Raditional Information for Busting entries ! January 31 2. Suppies on and on January 31 total 5840 The company complete 60% of the celles for the customer who pale avance on January 20. C interest to the bark on ASUS For the state Bank loan Rec January depreciation Agus the prepaldostetang intuicaccounts rece 3. Prepare an unadjusted trial balance using the T-Account balances. Answer is complete but not entirely correct Credit Cash FAST DBLMERES, INC. Unaqualed Tal Balance January 31 Account Title Debilt 6.967 Accounts Receivable 7,620 Supplies 540 Prepaid Insurance 8,525 Prepaid Rent 3.600 Equipment 72.000 Accumulated Depreciation Equipment Accounts Payable Uneamed Revenue Notes Payable Wages Payable interest Payable Centre Capital Retained Earrings Service Reverse Wages Expense 2,180 Depreciation Ext 1.500 1,500 3,257 2,000 40,000 2.130 2008 30,000 23.400 4 280