Question: AS TABLES PLEASE (NOT HANDWRITTEN) P3-71B. (Learning Objectives 3, 4: Preparing an adjusted trial balance and the financial statements) Consider the unadjusted trial balance of

AS TABLES PLEASE (NOT HANDWRITTEN)

 AS TABLES PLEASE (NOT HANDWRITTEN) P3-71B. (Learning Objectives 3, 4: Preparing

P3-71B. (Learning Objectives 3, 4: Preparing an adjusted trial balance and the financial statements) Consider the unadjusted trial balance of Glasgow, Inc., at August 31, 20X6, and the related month-end adjustment data. A1 Glasgow, Inc. Trial Balance Worksheet August 31, 20X6 Trial Balance Debit Credit 9,300 1,600 2,400 2,200 81,000 4,000 3,500 9 Account Cash 5 Accounts receivable 6 Prepaid rent 7 Supplies 8 Furniture Accumulated depreciation 10 Accounts payable 11 Salary payable 12 Share capital 13 Retained earnings 14 Di lends 15 Service revenue 16 Salary expense 17 Rent expense 18 Utilities expense 19 Depreciation expense 20 Supplies expense 21 Total 22 15,200 71,000 10,400 3,200 600 104,100 104,100 Adjustment data at August 31, 20X6, include the following: a. Accrued advertising revenue at August 31, 2,200 b. Prepaid rent expired during the month. The unadjusted prepaid balance of 2,400 relates to the period August 20X6 through October 20X6. c. Supplies used during August, 1,900 d. Depreciation on furniture for the month. The furniture's expected useful life is five years. e. Accrued salary expense at August 31 for Monday, Tuesday, and Wednesday. The five- day weekly payroll is 5,500 and will be paid on Friday. Requirements: 1- Journalize the Adjusting entries 2- Prepare the adjusted trial balance 3- Prepare the 3 financial statements of Glasgow, INC (Income statement, Statement of changes in equity, balance sheet)

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