urgently need this answered, like in an hour. i had posted this question earlier but i was told missing information, would likw to know what exactly is missing. cause after reading the question i believe i gave everything. this is the last part. i have already answered the others but im stuck here. please help me, thank you.
PART 4: FINANCIAL STATEMENTS, CLOSING ENTRIES, POST-CLOSING TRIAL BALANCE From the Adjusted Trial Balance in Part 3 of this project, prepare the Financial Statements (Multi-step Income Statement, Statement of Retained Earnings, Classified Balance Sheet, Statement of Cash Flows, indirect method). Next, prepare the closing journal entries. Finally, update the Ledgers and prepare the Post- Closing Trial Balance. 1,460 500 450 997.40 DAVIS DESIGNS LLC ADJUSTED TRIAL BALANCE 12/31/2020 BALANCE ACCOUNT DEBIT CREDIT Cash 752 72.0 Account Recievable 650 Office Supplies 160 Prepaid Rent 2700 Prepaid insurance 900 office Equipment 14.cou Advertising Expenses Salarie ex Accounting Elifice Supplies utilities Spesss Expenses 796 Meals Expenses Payroll Tapinscs 412.50 Bad Debt Expenses 229.90 Depreciation Expenses Dividends. Service Revenue 11,495 Unearned Revenue 2900 40.00 Common stock Allowance for doubtful account 229.90 Accumulated Deprecation 2,433 30 DOO Notes Payable 416 Account Payable 145 Payroll Tax Payable Medicare Poujou Tax Payne - OAS DI 860 Payroll Tax Payable federal whi 30 Peyton The Pogable futa Total 1109 128.90 109, 128.90 2433 B000 CREDIT JOURNAL DATE ACCOUNT DEBIT Dec 31 Bad debt Gepenses 229.90 Allowance for uncollectible 229.90 (lo record stimated bad debt cupons Dec 31 Depreciation Expenses 2, 4334 Accumulated Depreciation Cto record de ciclum expecse) Dec 31 office Supplies Expenys 997.40 bice Supplies 99 7.40 lo record office supplies Gxpense 12,433 4 other accounts that needs to be adjusted are: The Prepaid Rent Prepaid Insurance Unearned Revenue PART 4: FINANCIAL STATEMENTS, CLOSING ENTRIES, POST-CLOSING TRIAL BALANCE From the Adjusted Trial Balance in Part 3 of this project, prepare the Financial Statements (Multi-step Income Statement, Statement of Retained Earnings, Classified Balance Sheet, Statement of Cash Flows, indirect method). Next, prepare the closing journal entries. Finally, update the Ledgers and prepare the Post- Closing Trial Balance. 1,460 500 450 997.40 DAVIS DESIGNS LLC ADJUSTED TRIAL BALANCE 12/31/2020 BALANCE ACCOUNT DEBIT CREDIT Cash 752 72.0 Account Recievable 650 Office Supplies 160 Prepaid Rent 2700 Prepaid insurance 900 office Equipment 14.cou Advertising Expenses Salarie ex Accounting Elifice Supplies utilities Spesss Expenses 796 Meals Expenses Payroll Tapinscs 412.50 Bad Debt Expenses 229.90 Depreciation Expenses Dividends. Service Revenue 11,495 Unearned Revenue 2900 40.00 Common stock Allowance for doubtful account 229.90 Accumulated Deprecation 2,433 30 DOO Notes Payable 416 Account Payable 145 Payroll Tax Payable Medicare Poujou Tax Payne - OAS DI 860 Payroll Tax Payable federal whi 30 Peyton The Pogable futa Total 1109 128.90 109, 128.90 2433 B000 CREDIT JOURNAL DATE ACCOUNT DEBIT Dec 31 Bad debt Gepenses 229.90 Allowance for uncollectible 229.90 (lo record stimated bad debt cupons Dec 31 Depreciation Expenses 2, 4334 Accumulated Depreciation Cto record de ciclum expecse) Dec 31 office Supplies Expenys 997.40 bice Supplies 99 7.40 lo record office supplies Gxpense 12,433 4 other accounts that needs to be adjusted are: The Prepaid Rent Prepaid Insurance Unearned Revenue
