Below you will find the Unadjusted Trial Balance of the Jane Doe Printing Company.

Jane Doe Printing Company Unadjusted Trial Balance Month Ended December 31, 2020
Account	Debit	Credit
Cash	$33,000
Prepaid Insurance	12,000
Accounts Receivable	35,500
Supplies	4,500
Equipment	35,000
Vehicle	15,000
Accounts Payable		$21,500
Unearned Revenue		35,500
Common Stock		50,000
Dividend	10,000
Revenue		85,500
Salary Expense	25,000
Printing Expense	18,000
Rent Expense	2,500
Utilities Expense	1,250
Auto Expense	500
Miscellaneous Expense	250
Total	$192,500	$192,500

Prepare the following adjusting entries in the General Journal and post to the General Ledger.

Record Depreciation on Equipment, $1,000.

Record Depreciation on Vehicle, $250.

Supplies on hand at end of period, $2,000.

Unearned Revenue earned, $20,000.

Billed customers for services, $15,000.

Prepare the Income Statement.

Prepare the Statement of Shareholders Equity. 

Prepare the Balance Sheet.

Answer rating: 100% (QA)

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