Requirements from 1-7

The unadjusted trial balance of Catalonia Lock Systems at December 31, 2018, and the data needed for the adjustments follow Unadjusted Trial Balance December 31, 2018 Balance Debit Credit $ 7,100 19, 100 2.400 1.400 20,000 $ 3.800 3.500 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense Supplies Expense Total 2,700 39,300 9,400 15.900 3.900 1,900 $ 65,200 $ 65,200 Adjustment data at December 31 follow: On December 15, Catalonia contracted to perform services for a client receiving $2,700 in advance. Catalonia recorded this receipt of cash as Unearned Revenue. As of December 31, Catalonia has completed $2.100 of the services Catalonia prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) Catalonia used $750 of office supplies during the month. Depreciation for the equipment is $800. Catalonia received a bill for December's online advertising, S500. Avery will not pay the bill until January. (Use Accounts Payable.) Catalonia pays its employees weekly on Monday for the previous week's wages. Its employees earn $2,000 for a five-day workweek. December 31 falls on Wednesday this year. On October 1, Catalonia agreed to provide a four-month system check (beginning October 1) for a customer for $2,800. Catalonia has completed the system check every month, but payment has not yet been received and no entries have been made. Requirements 1. Journalize the adjusting entries on December 31. b Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts. Prepare the adjusted trial balance. 14. How will Catalonia Lock Systems use the adjusted trial balance? s. Prepare the Income Statement 1. Prepare the Statement of Retained Earnings 1. Prepare the Balance Sheet