Please help, it keeps saying the question is not complete and I'm very confused considering it wants an UNADJUSTED trial balance. I already have everything balanced for everything up to the 25th but it still says my question is incomplete. The next worksheets in the projects are strictly for adjusting January 31st (a-g) balances.

C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4- 2, LO 4-4] Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Assets: $12,600 Accounts Payable Stockholders' Equity: $ Cash 700 Accounts Receivable 600 Common Stock 11,900 Supplies 720 Retained Earnings 1,320 $13,920 $13,920 Total Assets Total Liabilities and Stockholders' Equity Two employees have been hired, at a monthly salary of $2,960 each. The following transactions occurred during January of the current year. Ch. January $6,000 is paid for 12 months insurance starting January 1. (Record as an asset.) $4,800 is paid for 12 months of rent beginning January 1. (Record as an asset.) FDI borrows $30,000 cash from First State Bank at 5% annual interest; this note is payable 2 1 2 2 2 in two years. A delivery van is purchased using cash. Including tax, the total cost was $28, 800. Stockholders contribute $4,000 of additional cash to FDI for its common stock. Additional supplies costing $1,400 are purchased on account and received $700 of accounts receivable arising from last year's December sales are collected. $300 of accounts payable from December of last year are paid. Performed services for customers on account. Sent invoices totaling $10,600 $7,400 of services are performed for customers who paid immediately in cash. $2,960 of salaries are paid for the first half of the month. FDI receives $3,700 cash from a customer for an advance order for services to be provided later in January and in February. $3,500 is collected from customers on account (see January 9 transaction) 2 4 2 5 2 6 2 7 8 9 10 16 20 25 Ch. January Additional information for adjusting entries: A $1,100 bill arrives for January utility services. Payment is due February 15 Supplies on hand on January 31 are counted and determined to have cost $280. As of January 31, FDI had completed 60% of the deliveries for the customer who paid in advance on January 20. 4 31a. 31b 4 4 31c 31d Accrue one month of interest on the bank loan. Yearly interest is determined by multiplying the amount borrowed by the annual interest rate (expressed as 0.05). For convenience, calculate January interest as one-twelfth of the annual interest. Assume the van will be used for 4 years, after which it will have no value. Thus, each year, one-fourth of the van's benefits will be used up, which implies annual depreciation equal to one-fourth of the van's total cost. Record depreciation for the month of January, equal to one-twelfth of the annual depreciation expense. Salaries earned by employees for the period from January 16-31 are $1,480 per employee and will be paid on February 3. Adjust the prepaid asset accounts (for rent and insurance) as needed. 4 4 31e. 31f 4 4 31g. C4-6 Part 2 2-a. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions January 1-25, adjusting entries of January 31. 2-b. Prepare an unadjusted trial balance at January 31. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions Janu entries of January 31 Accounts Receivable Cash Beg. Bal Beg. Bal 600 12,600 700 (7) (3) 6,000 (1) 4,800 (2) 28,800 (4) (9) 30,000 10,600 (5) 3,500 (25) 4,000 (7) 700 300 (8) (10) 7,400 (20) 2,960 (16) 3,700 (25) 3,500 End. Bal End. Bal 19,040 7,000 Prepaid Insurance Supplies Beg. Bal 720 Beg. Bal (1) (6) 1,400 6,000 End. Bal 2,120 End. Bal 6,000 Prepaid Rent Equipment Beg. Bal Beg. Bal (2) (4) 4,800 28,800 End. Bal End. Bal 4,800 28,800 Accumulated Depreciation Accounts Payable |eg. Bal. Beg. Bal 700 1,400 (6) (8) 300 End. Bal End. Bal 1,800 Deferred Revenue Notes Payable (long-term) Beg. Bal Beg. Bal 3,700 (20) 30,000 (3) 30,000 End. Bal 3,700 End. Bal Interest Payable Salaries and Wages Payable Beg Bal eg. Bal. End. Bal. End. Bal Retained Earnings Common Stock |eg. Bal. Beg. Bal 11,900 1,320 4,000 (5) 15,900 End. Bal. End. Bal 1,320 Salaries and Wages Expense Service Revenue Beg. Bal (16) Beg. Bal 10,600 (9) 2,960 7,400 (10) End. Bal. 18,000 End. Bal. 2,960 Utilities Expense Supplies Expenses Beg. Bal Beg. Bal End. Bal. End. Bal Interest Expense Insurance Expenses Beg. Bal Beg. Bal End. Bal End. Bal. Rent Expense Depreciation Expense Beg. Bal Beg. Bal End. Bal End. Bal