a. Prepare the financial statements.) (LO1,LO2, LO3, LO4)-20 points each 1. Income stetemnt // 2. Statement...

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a. Prepare the financial statements.) (LO1,LO2, LO3, LO4)-20 points each 1. Income stetemnt // 2. Statement of retined earinings // 3. Balance Sheet b. Prepare (journalize) the closing entries.-20 points Cash accounts rec Office Supplies Unexpired Insurance Prepaid Office Rent Office Equipment Acc.dep: off equip Notes Payable Salaries Payable Interest Payable Unearned Retainer Fees Capital Stock Retained Earnings Dividends Legal Fees Earned Salaries Expense Insurance expense supplies expense Interest expense Dep. Expense: off eq studio rent expense Miscellaneous Expense Total Law Agency, Inc. Adjusted Trial Balance 31 Dec 2022 $13,060 4,780 1,100 2,500 3,200 26,400 3,000 6,150 500 360 180 220 1,600 1,200 $64,250 220 15,000 3,470 180 8,320 20,000 17.060 $64.250 Name Surname: Cash accounts rec Office Supplies Unexpired Insurance Prepaid Office Rent Office Equipment Acc dep: off equip Notes Payable Salanes Payable Interest Payable Uneamed Retainer Fees Capital Stock atsined Earnings Dividends Final Exam-ACFN211- Accounting 1-2022-2023 Fall Srudent Number: Legal Fees Earned Salaries Expense Insurance expense supplies expense interest expense Dop Expense off eq Studio rent expense Miscellaneous Expense Total Required: Group: QUESTION Law Agency, Inc. Adjusted Trial Balance 31 Dec 2022 $13,000 4,780 1,100 2.500 3,200 26,400 3,000 6,150 800 380 180 220 1,800 1,200 225 15.000 3.470 100 6.320 20,000 17.000 144.315 a. Prepare the financial statements.) (LO1L02, LO3, L04)-20 points each 1. Income stetemnt // 2. Statement of retined earinings // 3. Balance Sheet b. Prepare (journalize) the closing entries.-20 points Qustion 2: Explain the difference between revenue earned and unearned revenue. (L01) (20 points) BONUS: How many stairs are there in the ST building? (10 points) a. Prepare the financial statements.) (LO1,LO2, LO3, LO4)-20 points each 1. Income stetemnt // 2. Statement of retined earinings // 3. Balance Sheet b. Prepare (journalize) the closing entries.-20 points Cash accounts rec Office Supplies Unexpired Insurance Prepaid Office Rent Office Equipment Acc.dep: off equip Notes Payable Salaries Payable Interest Payable Unearned Retainer Fees Capital Stock Retained Earnings Dividends Legal Fees Earned Salaries Expense Insurance expense supplies expense Interest expense Dep. Expense: off eq studio rent expense Miscellaneous Expense Total Law Agency, Inc. Adjusted Trial Balance 31 Dec 2022 $13,060 4,780 1,100 2,500 3,200 26,400 3,000 6,150 500 360 180 220 1,600 1,200 $64,250 220 15,000 3,470 180 8,320 20,000 17.060 $64.250 Name Surname: Cash accounts rec Office Supplies Unexpired Insurance Prepaid Office Rent Office Equipment Acc dep: off equip Notes Payable Salanes Payable Interest Payable Uneamed Retainer Fees Capital Stock atsined Earnings Dividends Final Exam-ACFN211- Accounting 1-2022-2023 Fall Srudent Number: Legal Fees Earned Salaries Expense Insurance expense supplies expense interest expense Dop Expense off eq Studio rent expense Miscellaneous Expense Total Required: Group: QUESTION Law Agency, Inc. Adjusted Trial Balance 31 Dec 2022 $13,000 4,780 1,100 2.500 3,200 26,400 3,000 6,150 800 380 180 220 1,800 1,200 225 15.000 3.470 100 6.320 20,000 17.000 144.315 a. Prepare the financial statements.) (LO1L02, LO3, L04)-20 points each 1. Income stetemnt // 2. Statement of retined earinings // 3. Balance Sheet b. Prepare (journalize) the closing entries.-20 points Qustion 2: Explain the difference between revenue earned and unearned revenue. (L01) (20 points) BONUS: How many stairs are there in the ST building? (10 points)

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1 Income Statement Particulars Legal fees earned 17060 Total revenue 17060 Less Total expenses Salar... View the full answer