Requirement 1. Prepare a worksheet for Fuzzy Investment Advisers at December 31, 2018. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Complete the worksheet one section at references-(a), (b), (c), etc.-into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complu total debits and credits in each step. (Abbreviations used: Depr. - depreciation Exp. - expense, 1 = long term, Pay. payable, Rec. = re Fuzzy Investment Advisers Worksheet December 31, 2018 Sllows: Requirements 1. Prepare a worksheet for Fuzzy Investment Advisers at December 31, 2018. 2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account format. 3. Prepare closing entries. Fuzzy Investment Advisers Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 31,000 Accounts Receivable 45,000 8,000 22,000 Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable $ 17,000 22,000 Unearned Revenue 2,000 Notes Payable (long-term) 26,000 Common Stock 17,000 Retained Earnings 23,500 Dividends 36,000 Service Revenue 88,000 Insurance Expense 4,000 Salaries Expense 36.000 $ 17,000 Accumulated Depreciation Equipment Accounts Payable 22,000 Salaries Payable Unearned Revenue 2,000 Notes Payable (long-term) 26,000 Common Stock 17,000 Retained Earnings 23,500 Dividends 36,000 Service Revenue 88,000 4,000 Insurance Expense Salaries Expense 36,000 Supplies Expense Interest Expense 4,500 Rent Expense 9,000 Depreciation Expense-Equipment Total GA 195,500 $ 195,500 a. Unearned Revenue earned during the year, $500. b. C. Office Supplies on hand, $7,000. Depreciation for the year, $2,000. Accrued Salaries Expense, $4,500. Accrued Service Revenue, $9,000. d. e. December 31, 2 Unadjusted Trial Balance Adjustments Account Title Debit Credit Debit Credit Cash 31,000 Accounts Rec. 45,000 Office Supp 8,000 22,000 Equipment Accum. Depr. Accounts Pay. Salaries Pay. 17,000 22,000 Unearn. Rev. Note Pay. (I/t) Common Stk 2,000 26,000 17,000 23,500 Ret. Earnings Dividends 36,000 Service Rev. 88,000 Ins. Exp. 4,000 Equipment 22,000 Accum. Depr. 17,000 Accounts Pay. 22,000 Salaries Pay Unearn. Rev. 2,000 Note Pay. (1/t) 26,000 Common Stk 17,000 23,500 Ret. Earnings Dividends 36,000 Service Rev. 88,000 4,000 36,000 Ins. Exp. Salaries Exp. Supplies Exp. Thterest Exp. Rent Exp. 4,500 9,000 Depr. Exp. Total 195,500 195,500 Net income or loss
