Wicker Academy Unadjusted Trial Balance December 31
	Debit			Credit
Cash	$	27,396
Accounts receivable		0
Teaching supplies		10,536
Prepaid insurance		15,806
Prepaid rent		2,108
Professional library		31,610
Accumulated depreciationProfessional library				$	9,484
Equipment		73,751
Accumulated depreciationEquipment					16,861
Accounts payable					36,022
Salaries payable					0
Unearned training fees					13,500
L. Pitt-Vaughn, Capital					67,016
L. Pitt-Vaughn, Withdrawals		42,149
Tuition fees earned					107,477
Training fees earned					40,040
Depreciation expenseProfessional library		0
Depreciation expenseEquipment		0
Salaries expense		50,579
Insurance expense		0
Rent expense		23,188
Teaching supplies expense		0
Advertising expense		7,376
Utilities expense		5,901
Totals	$	290,400		$	290,400

Required:

1. Prepare the required adjusting journal entries for items a, b and c.
2. Prepare the Adjusted Trial Balance
3. Prepare the Income Statement for the year end
4. Prepare the Statement of Owners Equity for the year
5. Prepare the Balance Sheet as of December 31
6. Prepare the Statement of Cash Flows for the year end.

This all the information.

start with #2

$ 27, 10,536 15,205 2,105 31,510 Accounts recente Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated deprecation- Professional forary Equipment Attumes deprecation Equipment Accounts payabile $ 9,484 73.751 16851 35,022 0 11.500 67,016 Uneametining tees LP V, Caphat 107,477 40.000 Training fees earned insurance expense Rent expert Advertising spenne Utilities Expres Total 5501 $.290.400 How to prepare Income Statement for the end Journal Entry Debit (a) Depreciation expense - Equipment Accumulated depreciation -Equipment Credit $14,929 $14,929 (b) Depreciation expense - Professional library Accumulated depreciation - Professional library $7,464 $7,464V (c) Customer Account Sales Revenue Service Recievable $7,500 $7,500