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[The following information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After

[The following information applies to the questions displayed below.]

Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31:

Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31
Debit Credit
Cash 47,500
Accounts receivable 12,100
Supplies 480
Prepaid insurance 770
Service trucks 16,200
Accumulated depreciation 8,100
Other assets 10,160
Accounts payable 2,220
Wages payable
Income taxes payable
Notes payable, long-term 11,000
Common stock (5,200 shares outstanding) 1,866
Additional paid-in capital 16,794
Retained earnings 4,700
Service revenue 91,950
Wages expense 16,200
Remaining expenses (not detailed; excludes income tax) 33,220
Income tax expense
Totals 136,630 136,630

Data not yet recorded at December 31 included:

  1. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year.
  2. Insurance expired during the current year, $770.
  3. Depreciation expense for the current year, $4,100.
  4. Wages earned by employees not yet paid on December 31, $580.
  5. Income tax expense, $5,480.

Prepare a classified balance sheet that include the effects of the preceding five transactions.

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