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The unadjusted trial balance of Washington Anvils at December 31, 2024, and the data for the adjustments follow: (Click the icon to view the adjusting

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The unadjusted trial balance of Washington Anvils at December 31, 2024, and the data for the adjustments follow: (Click the icon to view the adjusting Click the icon to view the unadjusted trial balance.) Read the resulrements Requirement 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balanco, Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) a. Unearned Revenue still uneared at December 31, $3,000. Accounts and Explanation Debit Credit Dec 31 Unearned Revenue 3,200 Adj. (a) Service Revenue 3,200 Date Ca To adjust revenue earned b. Prepaid Rent still in torce at December 31, 52,000. Pre Omic Date Accounts and Explanation Debit Credit Equi Dec. 31 Adj. (b) Rent Expense Prepaid Rent 2000 Accu 2000 Acco Salar Uneal To adjust rent expense Washi Washi Washington Anvils Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $ 15,210 Accounts Receivable 15,500 Prepaid Rent 2,190 1,500 25,000 $ 3,000 6,600 0 Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Washington, Capital Washington, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense Equipment 6,200 31,600 6,000 21,000 3,000 0 Print Done 0 Salaries Payable 6,200 Unearned Revenue 31,600 Washington, Capital Washington, Withdrawals 6,000 21,000 Service Revenue 3,000 0 Salaries Expense Rent Expense Depreciation Expense-Equipment 0 0 Supplies Expense $ 68,400 $ 68,400 Total Adjustment data: a. Unearned Revenue still unearned at December 31, $3,000. b. Prepaid Rent still in force at December 31, $2,000. c. Office Supplies used, $900. d. Depreciation, $340. e. Accrued Salaries Expense at December 31, $210. 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance. 2. Prepare an adjusted trial balance. 3. Complete the worksheet for the year ended December 31, 2024. 4. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. (Assume that there were no contributions made by the owner during the year.) 5. Prepare the closing entries, and post to the accounts. 6. Prepare a post-closing trial balance. 7. Calculate the current ratio for the company

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