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Transactions Adjustment Data a. Supplies used during the month, $700. b. Depreciation for the month, $290. c. One month insurance has expired. d. Accrued Interest

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Transactions Adjustment Data a. Supplies used during the month, $700. b. Depreciation for the month, $290. c. One month insurance has expired. d. Accrued Interest Expense, $120. d during the fompound entry Requirements 1. Prepare the journal entries, and post to the T-accounts. 2. Complete the worksheet for the month ended December 31, 2025. 3. Prepare the adjusting entries, and post to the T-accounts. 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 T-accounts. 6. Prepare a post-closing trial balance. Requirement 2. Complete the workaheet for the month ended December 31, 2025 Uilies Payable Interest Payabla Uneamed Revenue Notes Payable Common Slock Dividends Service Revenue Salaries Expense Rant Erpense Utilites Expense Advertiting Expenso Supples Expense insurance Expense incerest Expense Depr. Expense-Equip Tow totat Post the adjusting entries to the T-accounts. First, enter the unadjusted balances of the accounts ("Bal,") from requirement 2 For accounts with a zero unadji unadjusted batance entry. Then use the adjustment and corresponding letters as posting references - "Adj). (a)", "Adj). (b)", etc. Use a "Bal." posting reference to show the adjusted balance of each account. Utilities Expense Advertising Expense Land Commen Stock Supplies Expense Insurance Expense Wonder's Quality Automotive Income Statement Month Ended December 31, 2025 Net Income (Loss) Prepare the statement of retained earnings. Enter any increases in retained earn Enter a " 0 " for any zero balances.) Wonder's Quality Automotive Balance Sheet December 31, 2025 Assets Less: Liabilities Liabilities Stockholders' Equity

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