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Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided

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Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Dec 1 prepaid a 24 month insurance policy(coverage starting immediately) for $2,400 cash. Dec 7 purchased supplies for $2,000 cash. Dec13 agreed to do $10,000 worth of work for Telo over the next 30 days. payment is to be received when the work is completed on Jan 12. Dec 24 received $4,000 cash in advance to perform work for ABX over the next four weeks. Dec. 31 Year-End Jan 5 paid wages of $800 sh to workers. Jan 12 received $10,000 cash from Telo for work performed over the last 30 days Additional Information as of December 31 Telo Job Completion at Year-End: Telo 60% Telo Complete ABX Job Completion at Year-End:Abx 23% Complete Supplies Remaining at Year-End:$700 Wages Earned By Workers but not yet Paid at Year-End:$500 Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Purchased Insurance Started Work for Telo Dec. 31 Year-End Finished Work for Telo Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End *+ableau Tableau DA 3-3: Mini-Case, Preparing an adjusted trial balance 2. Enter the December 31 adjustments in the following table for prepaid Insurance, supplies, accrued wages, accrued revenue, and nearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. 2. Enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Unadjusted Trial Balance Adjustments Dr. Cr. Adjusted Trial Balance Cr. Dr. Cr. Dr. $ No. Account Title 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 Unearned revenue 301 A. Roland, Capital 404 Revenue 9,600 0 2,000 2,400 $ 0 4,000 10,000 0 0 0 623 Wages expense 637 Insurance expense 652 Supplies expense Total 0 14,000 $ $ 14,000 $ 0$ 0 $ 0$ 0

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