The unadjusted trial balance of

FawnFawn

Investment Advisers at

DecemberDecember

3131,

20162016,

follows:

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Adjustment data at

DecemberDecember

3131,

20162016:

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Requirements

1.	Prepare a worksheet for FawnFawn Investment Advisers at DecemberDecember 3131, 20162016.
2.	Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account format.
3.	Prepare closing entries. Requirement 1. Prepare a worksheet for FawnFawn Investment Advisers at DecemberDecember 3131, 20162016. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Complete the worksheet one section at a time beginning with the Adjustments section. Enter the adjustments along with the adjustment letter referenceslong dash(a), (b), (c), etc.long dashinto the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.

i Data Table * More Info Fawn Investment Advisers Unadjusted Trial Balance December 31, 2016 a. Unearned Revenue earned during the year, $500. Office Supplies on hand, $5,000. Depreciation for the year, $8,000. Accrued Salaries Expense, $3,000. e. Accrued Service Revenue, $4,000. C. Account Title Cash Accounts Receivable Office Supplies Balance Debit Credit 27,000 45,000 6,500 28,000 10,000 15,000 e Print Done Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue 1,000 20,000 30,000 13,500 32,000 97,000 Insurance Expense 2.000 Print Done i Data Table * More Info Fawn Investment Advisers Unadjusted Trial Balance December 31, 2016 a. Unearned Revenue earned during the year, $500. Office Supplies on hand, $5,000. Depreciation for the year, $8,000. Accrued Salaries Expense, $3,000. e. Accrued Service Revenue, $4,000. C. Account Title Cash Accounts Receivable Office Supplies Balance Debit Credit 27,000 45,000 6,500 28,000 10,000 15,000 e Print Done Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue 1,000 20,000 30,000 13,500 32,000 97,000 Insurance Expense 2.000 Print Done