x Assignment II.xlsx Saved on device 1 2 Question: Melon company provides painting services to its customers. The company perfoms adjusting entries on a monthly basis, whereas closing entries are prepared anually at December 31. An adjusted trial balance dated December 31, 2020. follows. 3 4 5 6 7 8 9 Credits 10 11 12 13 14 15 16 $75,000 17 TA 19 20 21 22 Melon Company ADJUSTED TRIAL BALANCE 31-Dec-20 Debits Cash $27.800 Accounts receivables 4,300 Unexpired insurance 8,700 Prepaid rent 3.200 Supplies 1,400 Trucks 140,000 Accumulated depreciation: Trucks Mowing equition 28.000 Accumulated depreciation equipment accounts payable Notes payable Salaries payable Interest payable Income taxes payable uneared services revenue capital stocks Retained earnings Dividends 3,300 service revenue earned Insurance expense 1,800 Oficerent expense 28,000 Supplies expense 5,600 Salaries expense 72.000 Depreciation expense: truck 16,000 depreciation expense: equipment 4,000 Repair and maintenance expense 5.300 Fuel expense 2,200 Mescellaneous expense 2,700 Interest expense 3,800 Income taxes expense 9.000 $367.100 14,000 2,200 38,000 900 300 1,700 2.000 18,000 21,000 23 24 25 26 27 28 194.000 29 30 31 32 33 34 35 36 37 39 401 387100 41 42 43 Instructions: 44 45 46 Prepare an income statement and statement of retained earnings for the year ended december 2020. Also prepare the company's balance sheet dated December 31, 2020 USE THE EMPTY SPAED PROVIDED IN THE SOLUTIONS TAB 47 48 49 50 51 52