Requirement 1. Prepare a worksheet for Froyer Investment Advisers at December 31, 2018.

The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet one section at a time beginning with the Adjustments section. Enter the adjustments along with the adjustment letter references(a), (b), (c), etc.into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.

- X i More Info a. Unearned Revenue earned during the year, $400. b. C. Office Supplies on hand, $4,000. Depreciation for the year, $3,000. Accrued Salaries Expense, $4,000. Accrued Service Revenue, $8,000. d. e. Print Done - X 1 Abbreviations Used Acct. A/R Supp. A/D-Equip A/P Account Accounts Receivable Supplies Accumulated Depreciation Equipment Accounts Payable Payable Unearned Revenue Notes Payable (long-term) Capital Withdrawals Pay. Unearn. Rev. N/P (1/t) . . W/D Rev. Revenue Ins. Exp. Insurance Expense Exp. Expense Depr. Exp. Depreciation Expense-Equipment 1 Data Table Froyer Investment Advisers Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 32,000 Accounts Receivable 40,000 Office Supplies 5,000 22,000 Equipment Accumulated Depreciation-Equipment 16,000 Accounts Payable 20,000 Salaries Payable 0 Unearned Revenue 5,000 Notes Payable (long-term) Froyer, Capital 22,000 N 19,000 Froyer, Withdrawals 28,000 Service Revenue 90,000 4,000 Insurance Expense Salaries Expense 30,000 0 Supplies Expense Interest Expense 5,000 Rent Expense 6,000 0 Depreciation Expense-Equipment $ 172,000 $ 172,000 Total Froyer Investment Advisers Worksheet December 31, 2018 Unadjusted Income Balance Adjusted Trial Balance Trial Balance Adjustments Statement Sheet Acct. Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,000 A/R 40,000 Office Supp. 5,000 Equipment 22.000 A/D-Equip. 16,000 A/P 20,000 Salaries Pay. Unearn. Rev. 5,000 DI 22,000 N/P (l/t) 19,000 Froyer, Cap. Froyer, W/D OOOOOO 28,000 Service Rev. 90,000 DI Ins. Exp. 4,000 Salaries Exp. 30,000 Supplies Exp. Interest Exp. Rent Exp. 5,000 6,000 Depr. Exp. Total 172,000 172,000 Net income or loss