The unadjusted trial balance of Farrell Investment Advisers at December $31,2024,$ follows: $($Click the icon to view the unadjusted trial balance.$)$

Adjustment data at December $31,2024$:

irlink the imn tn viow the arlinctmente $)$

Requirements

Prepare a worksheet for Farrell Investment Advisers at December $31,2024.$

Prepare the income statement, the statement of retained earnings, and the classified balance shee account format.

Prepare closing entries.

More info

a$.$ Unearned Revenue earned during the year, $$400.$

b$.$ Office Supplies on hand, $$3,500.$

c$.$ Depreciation for the year, $$8,000.$

d$.$ Accrued Salaries Expense, $$1,000.$

e$.$ Accrued Service Revenue, $$3,000.$

Print