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The following are accounts from Sally's Sweets unadjusted trial balance for the year ending December 31, 2018 (in random order). Beginning Capital Depreciation Expense Accounts

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The following are accounts from Sally's Sweets unadjusted trial balance for the year ending December 31, 2018 (in random order). Beginning Capital Depreciation Expense Accounts Receivable Office Supplies... erest Revenue1,600 Office Equipment Cash Accumulated Depreciation-Office Equipment Accounts Payable Unearned Service Revenue Owner Contributions Withdrawals Service Revenue.. Salaries Expense...uuuenscsncs18,400 Prepaid Insurance .usss Notes Payableusnaeus11,000 Office Supplies Expense 16,000 1,200 8,200 1,000 n.. atsu34,000 21.100 2,900 n...6,200 3,200 29,000 800 30,500 15,000 700 1. Journalize and post the following adjusting entries a) Depreciation on equipment totaled $1,500 for the year b) Services totaling $8,000 had been performed but not yet collected at the end of the year c) Salaries owed to employees at the end of the year total $1,600 d) $3,000 of fees paid in advance have been earned. e) Three years' insurance, totaling $15,000, was paid in advance by the company and journalized at the beginning of the year. What is the adjusting entry at the end of year one? f Accrued interest on notes receivable is $15. 9) At year end, only $50 of supplies remained h) A note was issued on June 1 for S 10,000 at 5% interest for 8 months. The year end statements are prepared on Dec 31. What is the adjusting entry for the interest owed since June 1? 2. Prepare an adjusted trial balance 3. Prepare an income statement (for a service business), statement of owners' equity, and a balance sheet does not have to be classified). See chapter 2 Powerpoints for format on the statements. 4. Prepare closing entries, post to T accounts and prepare a post-closing trial balance

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