The unadjusted trial balance columns in the worksheet of ParthKrishna are as follows as of March 31, 2021.

Account	Debit	Credit
Cash	$600
Short-Term Investments	1,800
Inventory	2,000
Prepaid Rent	2,900
Prepaid Insurance	4,500
Land	27,500
Building	52,500
Accumulated DepreciationBuilding		$7,500
Long-Term Investments	23,000
Accounts Payable		6,000
Current Portion of Long-term Note Payable		2,500
Income Tax Payable		15,630
Long-term Notes Payable		8,000
Owners capital		34170
Service Revenue		41,000
Rent Expense
Insurance Expense
Salaries Expense
Depreciation ExpenseBuilding		________
Totals	$114,800	$114,800

(Note: You can copy this table into Excel)

Required:

1. Formulate five adjustments (with special attention to dates and months) and journalise the adjusting entries in excel. Adjustments must cover a variety of transactions. For example, Depreciation, unearned revenue and an error requiring a correction entry (enter these adjustments in datasheet only). Your marks depend upon the quality and detail in framing adjustments.
2. Prepare and complete the 10-column worksheet.
3. Prepare the income statement, the statement of changes in owners equity, and the classified balance sheet.
4. Prepare the closing entries.
5. Calculate the current ratio for the company using formulas.