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The unadjusted trial balance for People First as December 3 1 is provided on the trial balance tab. Information for adjustments is as follows: a
The unadjusted trial balance for People First as December is provided on the trial balance tab.
Information for adjustments is as follows:
a As of December employees had earned $ of unpaid and unrecorded salaries. The next payday is January at which time $ of salaries will be paid.
b Cost of supplies still available at December total is $
c An interest payment is made every three months. The amount of unrecorded accrued interest at December is $ The next interest payment, at an amount of $ is due on January
d Analysis of Unearned Revenue shows $ remaining unearned at December
e Accrues $ of revenue for services provided. Payment will be collected on January
f Depreciation expense is $
tableRequirementtableGeneralJournaltableGeneralLedgerTrial Balance,tableIncomeStatementtableSt OwnersEquityBalance Sheet,Post Closing
General Journal tab Prepare any necessary adjusting and closing entries for the current fiscal year.
General Ledger tab Each journal entry is posted automatically to the general ledger. Use the dropdown button to view the unadjusted, adjusted, or postclosing balances.
Trial Balance tabYou may view the unadjusted, adjusted, or postclosing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs
Income Statement tab Use the dropdowns to select the accounts properly included on the income statement.
The unadjusted, adjusted or postclosing balances will appear for each account, based on your selection.
Statement of Owner's Equity tab The unadjusted, adjusted or postclosing balances will appear for each account, based on your selection.
Balance Sheet tab Use the dropdowns to select the accounts properly included on the baijance sheet. The unadjusted, adjusted or postclosing balances will appear for each account, based on your selection.
PostClosing tab Use the dropdowns to indicate whether each account is included on the postclosing trial balance.
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