Required information [The following information applies to the questions displayed below) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Work for Telo Jan 12 December 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash. Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statemer including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Ins Dec 1 Jan 5 Jan 12 December 7 Purchased supplies for $2,000 cash. Wages Paid Received Cash in Advance Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End The following information applies to the questions displayed below.) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Dec. 31 Year-End nished Work for Telo Purchased Insurance Dec 1 Dec 7 Dec 13 Des 24 Jan 5 Jan 12 December 24 Received $4,000 cash in advance to perform work for ABX over the next four weeks. Purchased Supplies Received Cash In Advance Wages Paid Additional information no of Docombor 21 The following information applies to the questions displayed below) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work Selected December-January Transactions Dec. 31 Year-End Started work for Dec Dec 13 Jan 12 January 5 Paid wages of $800 cash to workers, ed Cash in Advang Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End [The following information applies to the questions displayed below.) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Dec. 31 Year-End Started work for Telo Shed Work for Telo Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 January 12 Received $10,000 cash from Telo for work performed over the last 30 days. Purchased Supplies Received Cash in Advance Wages Paid Atalantatlanne of Docomber 21 Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Supplies Remaining at Year-End: $700 tableau Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End ABX Telo 60% Complete 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $500 2. Enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Adjustments Adlustments Adjusted Trial Balance Unadjusted Trial Balance Dr. Cr. 9,600 Dr. Cr. $ No. Account Title 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 Unearned revenue 301 A. Roland, Capital 404 Revenue 2,000 2.400 4,000 10,000 623 Wages expense 637 Insurance expense 652 Supplies expense Total $ 0 14,000 $ 14.000
