Question: 1 Data Table Requirements 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial

1 Data Table Requirements 1. Prepare the adjusting entries, and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance Prepare an adjusted trial balance 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. Prepare the closing entries, and post to the accounts Prepare a post-closing trial balance Calculate the current ratio for the company Wonder Anvils Unadjusted Trial Balance December 31, 2018 2. 3. Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Wonder, Capital Wonder, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total Debit Credit 4. 5. 6. $ 15,270 18,000 2,930 2,600 25,000 Print Done $ 8,000 6,800 More Info 5,000 31,600 Adjustment data a. Unearned Revenue still unearned at December 31 $1,100 b. Prepaid Rent still in force at December 31, $2,800 c. Office Supplies used, $1,400 d. Depreciation, $400 e. Accrued Salaries Expense at December 31, $300 3,000 18,000 2,600 Print Done $ 69,400 $ 69,400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
