Requirement $2.$ Prepare the statement of retained earnings for the year ended December $31,2025.($Enter any increases in retained earnings prior to the subtotal and any Transactions

Requirement

Journalize the transactions of Ward Technology Solutions. Include an explanation

with each journal entry. Use the following accounts: Cash; Accounts Receivable;

Supplies; Prepaid Advertising; Land; Building; Accounts Payable;

Unearned Revenue; Common Stock; Service Revenue; Rent Expense; and

Salaries Expense.

decreases to retained earnings below the subtotal. Check your spelling carefully and do not abbreviate.$)$

Retained Earnings, Dec. $31,2024$

Retained Earnings, Dec. $31,2025$

Requirement $3.$ Prepare the balance sheet as of December $31,2025.($If an input field is not used in the table leave the field empty; do not enter a label or a zero. Check

your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.$)$