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The following information is related to Danvon Collection Services at December 31, 2022 Cash $4,800 Accounts receivable Prepaid insurance Prepaid rent Office supplies Equipment

The following information is related to Danvon Collection Services at December 31, 2022 Cash $4,800 Accounts receivable Prepaid insurance Prepaid rent Office supplies Equipment Accumulated amortization Salaries payable Interest payable Unearned service revenue Note payable Ted Danvon, capital Ted Danvon, withdrawals Service revenue Salaries expense Amortization expense 10,400 2,000 1,000 400 16,500 $2,400 0 0 600 1. Unadjusted Trial Balance 2. Adjusting Entries 3. Adjusted Trial Balance 4. FROM ADJUSTED TRIAL BALANCE PREPARE a. Income Statement b. Owner's Equity Statement c. Balance Sheet 8,000 15,200 3,000 32,700 20,500 0 0 0 0 Rent expense Insurance expense Office supplies expense Interest expense 300 Apart from the above the following information is given to you to, prepare necessary adjusting entries at year end, December 31, 2022, for Danvon Collection Services, a) A count revealed that $100 of office supplies were still on hand at December 31, 2022 b) The accountant has determined that the prepaid insurance balance at December 31, 2022, should be in the amount of $450. c) The equipment is amortized at the rate of $200 per month. d) The accountant has determined that the unearned service revenue balance at December 31, 2022. should be in the amount of $350. e) Interest of $200 on the note payable has accrued to the end of the year. f) Salaries accrued at December 31, 2022, amounted to $650. g) The accountant has determined that the prepaid rent balance at December 31, 2022, should be in the amount of $100. REQUIRED: PREPARE

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