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The unadjusted trial balance of Lakota Freight Co0 at March 31, 20Y4, the end of the year, follows: The data needed to dolermine year-end adjustments

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The unadjusted trial balance of Lakota Freight Co0 at March 31, 20Y4, the end of the year, follows: The data needed to dolermine year-end adjustments are as foliows (a) Giannlies on hiand at Marrh 24 are 87.600 The datil needed to determine year-end adjustments are as follows: (a) Supplies on hand at March 31 are \$7,500. (b) Insurance premiums expired during year are $1,800 (c) Depreciation of equipenent during year is $8,350 (d) Depreciation of trucks during year is $6,200 (e) Wages accrued but not paid at March 31 are $600 Required: 1. For each account listed in the trial balance, enter the balance in the appropriate Batance column of a four coimm account and select the check mark (v) in the Post. Ref. column 2. (Optional) On your own paper or spreadsheet enter the tinodjusted tria balance on an end-or-penod work sheet and complete the work sheet 3. a. Joumalze the adjusting entries on Page 26 of the joumal. Adusfing entries are recorded on March 31 b. Post the adjusting entries to the ledger, inserting balances in the accounts affected 4. Prepare an adusted brab balance 5. a. Prepare an income statement for the year ended March 31,20Y4 b Prepare a statement of stockholders' equity for the year ended March 31, 20Y4, addifional common stock of $6,000 was issued c. Prepare a balance sheet as of March 31, 20 Y4 6. a Joumakze the closing entries on page 27 of the joumal. (Note: Complete the adjusted triat Dalance, the income statement, the statement of stockholders equity and the balance sheet BEFOfE completing part 6 a) b. Past the closing entres, inserting balances in the accounts affected 7 Prepare a oost-closina frial balance

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