Question: based on this chart how do i complete the others? Required: Marks Your Score 1 Post the adjusting entries to the Worksheet below 12 2

based on this chart how do i complete the others?

based on this chart how do i complete the others?based on this chart how do i complete the others?based on this chart how do i complete the others?based on this chart how do i complete the others?
Required: Marks Your Score 1 Post the adjusting entries to the Worksheet below 12 2 Complete the Adjusted Trial Balance on the Worksheet 10 3 Complete the Income Statement on the Worksheet 12 4 Complete the Balance Sheet on the Worksheet 14 Emma Nalic Wedding Planner Co. Worksheet For the year ended December 31 2020 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title CR DR CR DR CR DF CR DF CF DF 300 3000 3000 Cash 15000 15000 15000 Accounts Rec. Office Supplies 22000 2000 20000 20000 1750 Prepaid Rent 900 2250 6750 16000 4000 12000 12000 Furniture 4000 4000 4000 Accumulated amortization - Furniture Accounts Payable 17000 17000 17000 17000 1000 1000 Salary Payable 1000 1000 6000 Unearned Service Revenue 6000 6000 Emma Nalic, Capital 24000 24000 24000 3000 3000 Emma Nalic, Withdrawal 3000 79000 Sales Revenue 79000 Sales Discounts 5000 5000 5000 Sales Returns and Allowances 2000 2000 2000 Cost of Goods Sold 25000 25000 25000 Salary Expense 18000 18000 18000 Rent Expense 9000 1000 7000 Utilities Expense 7000 7000 4000 Amortization Expense-Furniture 4000 4000 Supplies expense 22000 2000 20000 Total/Subtotal 165000 131000 Net Income/Loss Total/SubtotalRequired: Prepare in Good Form, a Multi Step Income Statement, A Statement of Equity and a Classified Balance Sheet Multi Step Income Statement 10 marks Your Score Statement of Equity 5 marks Your ScoreCLASSIFIED Balance Sheet 10 marks Your Score 5 for accounts. 1 for title. 2 for classifying. 2 for capital Prepare the Closing Entries 10 Marks Your Score Debit Credit DateEmma Nalic owner a wedding planning business need to make the final adjusting entries to prepare the end of year financial statements. No adjusting entries had been made during the year. 1 The hydro bill of $2,000 for December was received but not recorded or paid. 2 A new employee has been hired for $150 a day, with a 5 day week, and will start work on January 1. 3 The Prepaid rent account represents 3 months rent paid October 1, 2020 4 The Furniture was purchased January 1, 2019 and is expected to have a 4 year useful life with no salvage value. 5 The unearned revenue represents a prepayment on September 1, 2020 for merchandise to be delivered over 6 months. 6 Emma's employs 2 people, each who earn $125 a day and they work Monday to Friday. The year end of December 31, 2020 is on a Friday. The 7 The office supplies on hand were counted and a value of $2000 was attributed to the remaining items Required: There are multiple steps to the question. Please scroll down to make sure you see each section CommentsUse complete account names, if it is an expense, payable, prepaid - you must use these in the account name in the adjusting entries. Marks will be deducted if you do not. Prepare the adjusting entries for the Items 1-7 above Adjusting Entries 19 Marks Your Score Date Debit Credit 31-Dec Utilities Expense 2000 2 marks Accounts Payable 2000 Record of Hydro bill 31-Dec No entry needed 2 marks 31-Dec Rent Expense 9000 3 marks Prepaid Rent 9000 Record of rent (Oct-Dec] 31-Dec Furniture Expense 4000 3 marks Amortization Expense-Furniture 4000 To Record 1 year deprication 31-Dec Unearned Sales Revenue 4000 3 marks Sales Revenue 4000 Merchandise to be deliverd for 4 months 31-Dec Salary Expense 1000 3 marks Salary Payable 1000 Payment for past 4 days 31-Dec Supplies Expense 20000 3 marks Office Supplies 20000

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