The unadjusted trial balance of Whitticker Anvils at December 31, 2024, and the data for the adjustments follow (Click the icon to view the unadjusted trial balance.) (Click the loon to view the adjusting data) Read the requirements Total Current Assets Property, Plant, and Equipment Equipment Less: Accumulated Depreciation-Equipment Total Property, Plant, and Equipment Total Assets Liabilities Stockholders' Equity $ 32,000 (7400) $ 29,100 24,000 $ 53,700 n-Equipment ment Requirements Liabilities 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 retained earnings, and the classified balance sheet in report form 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. Stockholders' Equity Print Done The unadjusted trial balance of Whittcker Anvils at December 31, 2024, and the data for the adjustments follow (Click the icon to view the unadjusted trial balance) (Click the icon to view the adjusting data) Read the requirements Current Assets Cash Accounts Receivable Prepaid Rent Office Supplies Balance Sheet December 31, 2024 Assets Total Current Assets Property, Plant, and Equipment Equipment Less Accumulated Depreciation--Equipment Total Property, Plant, and Equipment Total Assets Liabilities 10,300 15,500 3,000 300 $ 29,100 S 32,000 (7.400) 24,600 53,700 The unadjusted trial balance of Whitticker Anvils at December 31, 2024, and the data for the adjustments follow. (Click the icon to view the unadjusted trial balance.) (Click the icon to view the adjusting data) Read the requirements Total Current Assets Property, Plant, and Equipment Equipment Less: Accumulated Depreciation-Equipment Total Property, Plant, and Equipment Total Assets Liabilities Stockholders' Equity 29,100 $ 32,000 (7.400) 24,600 53,700 abilities Adjustment data: a. Uneamed Revenue still uneamed at December 31, $3,400. b. Prepaid Rent still in force at December 31, $3,000. c. Office Supplies used, $1,700. d. Depreciation, $400. e. Accrued Salaries Expense at December 31, $360. nal balance.) Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash. $ 10,300 quipment Accounts Receivable 15,500 Prepaid Rent 3,100 Office Supplies 2,000 Liabilities Equipment 32,000 Accumulated Depreciation-Equipment $ 7,000 Accounts Payable 6,300 Salaries Payable Unearned Revenue 5,400 Common Stock 15,000 Retained Earnings 17,500 Stockholders' Equity Dividends Service Revenue 6,000 20,800 vils at December 31, 2024, and ng data.) al balance.) Accounts Receivable 15,500 Prepaid Rent 3,100 Office Supplies 2,000 Equipment 32,000 Accumulated Depreciation-Equipment 7,000 uipment Accounts Payable 6,300 Salaries Payable Unearned Revenue 5,400 Common Stock 15,000 Liabilities Retained Earnings 17,500 Dividends 6,000 Service Revenue 20,800 Salaries Expense 3,100 Rent Expense Depreciation Expense-Equipment Stockholders' Equity Supplies Expense $ 72,000 $ 72,000 Total