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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
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 i Read the requl Begin with the Assets section, then complete the Liabilities and Stockholders' Equity sections. (If a box is not used in the balance sheet; leave the t Review the Balance sheet columns of the worksheet completed in Requirement 3. Whitticker Anvils Balance Sheet December 31, 2024 Assots Less: mpleted in Requirement Anvils More info Sheet 31, 2024 sets Adjustment data: a. Unearned Revenue still unearned 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. Print Done - mber 31, 2024, and Data table s and Stockholders pleted in Requirem Anvils heet , 2024 ets Whitticker Anvils Unadjusted Trial Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment December 31, 2024 Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Print Done Balance Debit Credit 10,300 15,500 3,100 2,000 32,000 7,000 6,300 5,400 15,000 17,500 6,000 ng data.) ct a label or enter a cember 31, 2024, and Data table ities and Stockholders ompleted in Requirem r Anvils Sheet 31, 2024 ssets - X ng data.) Accounts Receivable 15,500 Prepaid Rent 3,100 Office Supplies 2,000 Equipment 32,000 Accumulated Depreciation-Equipment 7,000 6,300 Accounts Payable Salaries Payable Unearned Revenue 5,400 Common Stock 15,000 Retained Earnings 17,500 Dividends 6,000 Service Revenue 20,800 Salaries Expense 3,100 Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 72,000 $ 72,000 Print Done ct a label or enter a ities and Stockh Completed in Red er Anvils eSheet r 31, 2024 Assets Requirements 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. Print Done bel or enter a ze - - X
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