BE3-13 (LO 3) C The bookkeeper for Kwan Enterprises asks you to prepare the adjusting entries for the following items at December 31. Identify effect of adjustment on elements of financial statements. 1. Interest on note payable of $400 is accrued. 2. Services performed but not recorded total $2,300. 3. Salaries earned by employees of $900 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable. BE3-14 (LO 4) AP (Video The account balances (after adjustments) from the general ledger of Winterholt Company at September 30, 2021, follow in alphabetical order. All accounts have normal balances. Prepare adjusted trial balance and identify financial statement. Accounts payable $ 2,890 Rent expense $ 1,560 Accounts receivable 6,050 Salaries expense 12,215 Accumulated depreciation-equipment 6,400 Salaries payable 875 Cash 1,100 Service revenue 48,450 Depreciation expense 3,100 Unearned revenue 840 Equipment 29,800 W. Winterholt, capital 16,150 Prepaid rent 780 W. Winterholt, drawings 21,000 a. Prepare an adjusted trial balance. b. Beside each account, identify whether it is an asset (A), liability (L), capital (C), drawing (D), revenue (R), or expense (E). c. Beside each account, identify whether it should be included on the income statement (IS), statement of owner's equity (OE), or balance sheet (BS). BE3.15 (LO 4) AP The adjusted trial balance of Wildwood Company at December 31, 2021, includes the following accounts: D. Wood, Capital $15,600, D. Wood, Drawings $7,000, Service Revenue $39,000, Salaries Expense $1,500, Insurance Expense $2,000, Rent Expense $4,000, Supplies Expense $1,500, and Depreciation Expense $1,300. Prepare an income statement for the year. Prepare an income statement from an adjusted trial balance