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The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,000.
The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,000. Office supplies remaining on hand at the end of the year equal $1,000 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7 ). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8 to 10 ). 3. Review the adjusted 'Trial Balance' as of December 31,2024. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income 5tatement' tab. 5. Prepare a classified balance sheet as of December 31,2024 in the 'Balance Sheet' tab. 6. Record the closing entrles in the 'General Journal' tab (these are shown as items 11 to 13 ). The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,000. Office supplies remaining on hand at the end of the year equal $1,000 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7 ). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8 to 10 ). 3. Review the adjusted 'Trial Balance' as of December 31,2024. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income 5tatement' tab. 5. Prepare a classified balance sheet as of December 31,2024 in the 'Balance Sheet' tab. 6. Record the closing entrles in the 'General Journal' tab (these are shown as items 11 to 13 )
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