Walton Anvils Unadjusted Trial Balance December 31, 2016 Balance Account Title / Debt Credit Cash $ 16,900.00 Accounts Receivable 17,500 Prepaid Rent 2,500 Office Supplies 1,900 Equipment 23,000 |Accumulated Depreciation - Equipment 7,000.00 Accounts Payable 6,200.00 Salaries Payable Unearned Revenue 5,600.00 Common Stock 28,000.00 Retained Earnings 1,600.00 Dividends 4,500 Service Revenue 20,800.00 Salaries Expense 2,900 Rent Expense 4,500 20,800.00 ST 2,900 Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense - Equipment Supplies Expense $ 69,200.00 $ 69,200.00 Total Adjustment Data a. Unearned revenue still unearned at December 31, 2016 $1,600 b. Prepaid rent still in force at December 31, 2016 $ 1.300 c. Office supplies used $1,000 d. Depreciation $380 e. Accrued Salaries Expense at December 31, 2016 $280 Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. - ruhl using the