Wusting entries to post-closing Worksheet Walance of Williamson Anvils at December 31, 2016, and the data We adjustments follow: paling the Accou Learning Obj 4,5,6 WILLIAMSON ANVILS Unadjusted Trial Balance December 31, 2016 5. Net Incomes or the summe exp. rev. CK Debit eri Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Williamson, Capital Williamson, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense Equipment Balance Credit $ 16,370 16.500 2,530 1 800 29.000 5 10,000 Theone Summ, = tem RMY 6,600 perna - 7.200 28.000 3.500 20,500 2,600 Supplies Expense Total $ 72,300 572,300 Adjustment data: a. Unearned Revenue still unearned at December 31, $3.300. b/Prepaid Rent still in force at December 31, $2,400. c. Office Supplies used, $1,200. d. Depreciation, $350. e. Accrued Salaries Expense at December 31, $230, Requirements Servo 1. Open the T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. (optional) 3. Prepare the adjusting entries, and post to the accounts. 4. Prepare an adjusted trial balance. 5. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year. only 1 Ledger balance at first clone ch optional) Sting by barnalize 6. Prepare the closing entries, and post to the accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. P4-32A Completing the accounting cycle from journale balance with an optional worksheet L1 D L 1