- Requirements 1. Prepare a worksheet for Fawn Investment Advisers at December 31, 2016 2. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account format Assume that there were no contributions made by the owner during the year 3. Prepare closing entries More Info Requirement 1. Prepare a workshee The unadjusted balances have been Jeet Complete the worksheet one section at a time beginning with the Adjustments section Enter the adjustments along Unearned Revenue earned during the into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the works year, $800 et columns. Be sure to calculate the total debits and credits in each step (Click the icon to view the abbres b. Office Supplies on hand $1,000 Depreciation for the year, 56,000 Choose from any list or enter any d. Accrued Salaries Expense, 5,000 question Accrued Service Revenue. $9.000 C Udtd lable Inves stedt 16: nents. Account Title Debit Credit Cash $ 33,000 vestm 41,000 7,000 24,000 Accounts Receivable Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable 10,000 19,000 justed 16: tments. 4,000 19.000 51,000 nvestm 28,000 Unearned Revenue Notes Payable (long-term) Fawn, Capital Fawn. Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense 97,000 8,000 38,000 number Print Done Service Revenue 97,000 8,000 38,000 Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense Depreciation Expense-Equipment 9.000 12.000 $ 200,000 $ 200,000 Total Print Done