B C D E G H GENERAL REQUIREMENTS 1) This assignment is to be completed on an individual basis. Students who work together or copy from another student will be issued a failing grade for the course. 9 Cheating of any kind will not be tolerated. 10 2) Please type all answers directly in the body of THIS document. Do not change the file format and do not submit more than one document. 11 12 Learning objective 13 Prepare a worksheet for use in the adjustment process and in preparation of financial statements. 14 15 Directions: 16 1) The attached worksheet contains missing data. Please complete ALL HIGHLIGHTED FIELDS with the appropriate amount required to properly complete the worksheet. 17 2) Given the nature of a worksheet, the appropriate amount may be "0" for many of the fields 18 3) Fields that are not highlighted are already complete. 19 4) All necessary accounts are already listed on the worksheet. Do not add any new accounts. 20 5) Cash has been completed for you as an example of what to do. 6) You are to work on this project independently. Do not work with or discuss your solutions with others. 22 24 Partial Worksheet for Month-Ended December 31. 20XX 25 26 Unadiusted T/B Adjustments Income Statement Balance Sheet 27 Account DR CR DR CR DR CR DR CR 28 Cash (example) 40 0 0 40 0 Prepaid Insurance 25 30 Office Supplies 14 31 Office Equipment 340 340 32 Accumulated Depreciation - Office Equip 45 33 Accounts Payable 57 34 Unearned Fee Revenue 40 35 Common Stock 36 Dividends 35 35 37 Fee Revenue 300 I 38 Service Revenue 80 39 Rent Expense 90 40 Utilities Expense 20 41 Insurance Expense 10 42 Office Supplies Expense 43 Depreciation Expense - Office Equip 45 44 Accounts Receivable 45 46 47 Subtotals 534 534 48 Net Income 49 Totals problem +