The unadjusted trial balance of Farish Investment Advisers at December 31, 2024, follows: Adjustment data at December

Question:

The unadjusted trial balance of Farish Investment Advisers at December 31, 2024, follows:

Adjustment data at December 31, 2024: 

a. Unearned Revenue earned during the year, $800. 

b. Office Supplies on hand, $4,500. 

c. Depreciation for the year, $4,500. 

d. Accrued Salaries Expense, $5,000. 

e. Accrued Service Revenue, $6,500. 


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. 

3. Prepare closing entries.

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Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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