what are the unadjusted and adjusted trial baances for this problem?

what?

ACTG 201 Comprehensive Project Spring 2020 Knopfler Company's balance sheet at December 31, 2019 (the previous year), included the following information: 25,600 Knopfler Company Balance Sheet At December 31, 2019 24,600 Accounts Payable 45,500 (1,500) Knopfler, Capital 4,400 40,000 142,000 (22,000) 233,000 Total Liabilities & Equity Cash Accounts Receivable Allow. for Doubtful Accounts Supplies Land Building Accumulated Depreciation Total Assets 207,400 233,000 The following transactions occurred during 2020: 11. Knopfler performed services for $288,000 on account: 12. On August 1, 2020. Knopfler collected fees of $48,000 in advance for services to be performed evenly between September 1, 2020 and September 1, 2021. 3. Knopfler collected cash of $275,000 from customers on account. 4. Knopfier purchased $30,100 of supplies on account 5. Knopfler paid $34,500 to suppliers on account 6. Knopfler paid $192,200 for operating expenses. 17 On December 15, 2020, Knopfler withdrew $25,000 for personal use. 8. An accounts receivable of $1,600 was written off as uncollectible. December 31, 2020 - Adjustment data: 1. A count of supplies indicated that $6,900 of supplies remain unused at year end 12. Calculated and recorded the revenue earned from transaction #2 above. 3. The allowance for doubtful accounts was estimated to be 5 percent of accounts receivable tround to the nearest dollar). 4 Depreciation on the building was calculated on the straight-line basis based on an estimated 20-year life and an estimated $10.000 salvage value D Knopfler Company, Unadjusted Trial Balance (Requirement 3) Debit Credit 4 Cash 101 101 5 Accounts Receivable 112 6 Allowance for Doubtful Accounts 115 7 Supplies 120 8 Land 125 9 Building 158 10 Accumulated Depreciation - Building 158 11 Accounts Payable 200 12 Unearned Service revenue 220 13 Knopfler, Capital 315 14 Knopfler, Drawing 330 15 Service Revenue 401 16 Operating Expenses 505 17 Supplies Expense 510 18 Bad Debt Expense 520 19 Depreciation Expense 530 20 Totals 21 Totals WN - 3 Knopfler Company- Adjusted Trial Balance (Requirement 6) Debit Credit -5 Cash 101 26 Accounts Receivable 112 e7 Allowance for Doubtful Accounts 115 28 Supplies 120 29 Land 125 30 Building 158 31 Accumulated Depreciation - Building 158 32 Accounts Payable 200 33 Unearned Service revenue 220 34 Knopfler, Capital 315 35 Knopfler, Drawing 330 36 Service Revenue 401 37 Operating Expenses 505 38 Supplies Expense 510 39 Bad Debt Expense 520 40 Depreciation Expense 530 Totals 02. Calculated and recorded the revenue earned from transaction #2 above. 3. The allowance for doubtful accounts was estimated to be 5 percent of accounts receivable (round to the nearest dollar). 4. Depreciation on the building was calculated on the straight-line basis based on an estimated 20-year life and 2 an estimated $10,000 salvage value. 4 Required: 5 1. Prepare the necessary journal entries for the transactions listed above (omit explanations). 62. Post the numbers from the journal to the ledger. 7 3. Prepare the unadjusted trial balance dated December 31, 2020. 84. Prepare the required adjusting journal entries from the adjustment data. 9 5. Post the numbers from the journal to the ledger. 0 6. Prepare the adjusted trial balance dated December 31, 2020. 17. Prepare Knopfler's required income statement, statement of owner's equity, and balance sheet (all in good for 2 8. Prepare the necessary closing entries in the Journal. 3 9. Post the closing entries to the Ledger