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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 December 31 Account Titles Credit S Cash Accounts receivable 11.700 Supplies 470 ance Senice trucks Accumulated depreclation 17600 7900 9.660 Other assets 2,230 Wages pavable Income taxes payable each December 31) Cammen rtoc5 700 shares outstanding 2.026 Additional paid-in capital Retained earnings 18,234 5,500 70,630 Remaining exnenses (not detailed: excludes income tax) 33,310 Income tax expense S 119,520 $ 119,520 Totals Data not yet recorded t December 31 included: a. The supplies count on December 31 reflected $180 remaining supplies on hand to be used in the next vear. Insurance expired during the current year, Sb8u. 00 d. Wages earned by employees not yet paid on December 3, $560. Income tax expense, $5.380. 2-a. Prepare an income statement that include the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) TUNSTALL, INC. Income Statement Earni s per share 2-b. Prepare a classified balance sheet that include the effects f the preceding five transactions. (Amounts to be deducted should e indicated by a minus sign.) TUNSTALL, INC. Balance Sheet 01
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