- - X Requirements 1. Prepare a worksheet for Farish Investment Advisers at December 31, 2024. 2. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account format. (Assume there were no contributions made by the owner during the year.) 3. Prepare closing entries. Complete propriate. Je total deb Print Done Unadjusted Trial Balance Adjusted Trial Balance Income Statement Adjustments - e: 70. ts: 3.E Data table th: p24: tment Farish Investment Advisers Unadjusted Trial Balance December 31, 2024 Balance Credit Account Title Inves the si until ear.) Debit 30,000 Cash how $ begir Adjust- 51,000 7,000 28,000 Accounts Receivable Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) 9,000 13,000 0 5,500 21,000 work Ch: Data table ts: 3 13,000 0 5,500 024: |tmer 21,000 56,500 or Farish Inves atement, the si et in account ring the year) 29,000 Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Farish, Capital Farish, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense Depreciation Expense-Equipment 93,000 begit Adjust S. 2,500 40,000 0 Print 5,500 5,000 0 ted ance $ 198,000 $ Total 198,000 Credit There have boon entered for you in the balance columns of the worksheet Complete the worksheet one section at a time beginning with the Austments section Entertho with the stroberen ... into the cours as appropriate. In the following stop complete the Adjusted Trial Balance Lastly, complete the work by the come State Balance Shoot column. Be sure to calculate the total debits and credits in each stop Desconto the stationed) Farish bevestment Advisers Worksheet December 31, 2024 United Adjusted Income Balance That Balance Adjustments Trial Balance Statement Sheet Acct. Debit Credit Debit Credit Debat Credit Debit Credit Debit Credit 30.000 30.000 AR 51000 57% 2000 2500 4.500 E 28.000 28.000 Trial Balance Adjustments Trial Balance Statement Sheet Acct. Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash e 6,500 30,000 51,000 7.000 28,000 30,000 57,500 4,500 AR Office Supp Equipment A/D-Equip AIP 2,500 D 28,000 4,500 9,000 13,000 I 5,000 d 13,500 13,000 5,000 4,700 21,000 58,500 Salaries Pay Unear Roy NP (VU Farish, Cap Farish WD 800 5,500 a 21,000 56,500 29,000 29,000 5,000 d Salaries Pay Unearn. Rev. 800 5,500 a 21,000 56,500 5,000 4.700 21.000 56,500 NP (1/1) Farish, Cap. Farish, W/D Service Rev. 29,000 29,000 93,000 100,300 6,500 800 a 2,500 40,000 Ins. Exp. Salaries Exp Supplies Exp Interest Exp. Rent Exp. d. 5,000 b. 2,500 2,500 45,000 2,500 5,500 5,500 5,000 5,000 4,500 Depr. Exp. c 4,500 Total 198,000 198,000 19,300 19,300 214,000 214,000
