The unadjusted trial balance of R. Tryon, Consultant is entered on the partial work sheet below. 1. Complete the work sheet using the following information: (a) Salaries earned by employees that are unpaid and unrecorded, $500.(b) An inventory of supplies showed $800 of unused supplies still on hand.(c) Depreciation on equipment, $1,300. 2. Prepare the financial statements (a) income statement; (b) statement of owners' equity; (c) balance sheet 3. Record the closing entries 4. Prepare the post-closing trial balance

Problem 2 The unadjusted trial balance of R. Tryon, Consultant is entered on the partial work sheet below 1. Complete the work sheet using the following information: (a) Salaries earned by employees that are unpaid and unrecorded, $500.(b) An inventory of supplies showed $800 of unused supplies still on hand.(c) Depreciation on equipment, $1,300 2. Prepare the financial statements (a) income statement; (b) statement of owners' equity; (c) balance sheet 3. Record the closing entries 4. Prepare the post-closing trial balance R. Tryon, Consulting Work Sheet For the year ended December 31 Balance Sheet Adjusted Trial Balance Unadjusted Trial and Statement of Income Statement Owner's Equity Balance Adjustments Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $14,000 1,000 11,000 Cash Supplies Equipment Accum. Depr-Equip. Accounts payable Salaries payable R. Tryon, Capital R. Tryon, Withdrawals Fees earned Salary expense Rent expense Supplies expense Depreciation expense Totals $ 2,000 500 6,500 1,500 30,000 7,500 4,000 39,000 39,000 Page 5