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Required Information

$[$The following information applles to the questions displayed below.$]$

Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December $31$:

Tunstall, Incorporated

Unadjusted Trial Balance

At December $31$

Data not yet recorded at December $31$ Included:

a$.$ The supplies count on December $31$ reflected $$230$ in remaining supplies on hand to be used in the next year.

b$.$ Insurance explred during the current year, $$700.$

c$.$ Depreclation expense for the current year, $$3,900.$

d$.$ Wages earned by employees not yet pald on December $31,$$$700.$

e$.$ Three months of Interest expense $($for the note payable borrowed on October $1$ of the current year$)$ was incurred in the current year.

f$.$ Income tax expense, $$5,580.$

$2-$a$.$ Prepare an Income statement $($wilth Operating Income and Other Items sections$)$ that Include the effects of the preceding six transactions.

$2-$b$.$ Prepare a classified balance sheet that Include the effects of the preceding five transactions.