Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Requirements

1.	Prepare the adjusting entries and post to the accounts. T-accounts have been opened using the balances from the unadjusted trial balance.
2.	Prepare an adjusted trial balance.
3.	Complete the worksheet for the year ended December 31, 2024.
4.	Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form.
5.	Prepare the closing entries, and post to the accounts.
6.	Prepare a post-closing trial balance.
7.	Calculate the current ratio for the company.

a. Unearned Revenue still unearned at December 31, $3,800.

Date			Accounts and Explanation	Debit	Credit
Dec. 31
Adj. (a)

Data table

Whitticker Anvils
Unadjusted Trial Balance
December 31, 2024
	Balance
Account Title	Debit	Credit
Cash	$9,010
Accounts Receivable	13,000
Prepaid Rent	1,890
Office Supplies	2,300
Equipment	37,000
Accumulated DepreciationEquipment		$6,000
Accounts Payable		7,300
Salaries Payable
Unearned Revenue		5,800
Common Stock		22,000
Retained Earnings		4,200
Dividends	3,000
Service Revenue		23,000
Salaries Expense	2,100
Rent Expense
Depreciation ExpenseEquipment
Supplies Expense
Total	$68,300	$68,300