Question: PLEASE HELP ME SOLVE BOTH QUESTION 1&2 THANKS Unadjusted Trial Balance Cash $ 34,500 Accounts receivable 22,000 Supplies 5,500 Prepaid rent 9,000 66,000 $ Equipment
PLEASE HELP ME SOLVE BOTH QUESTION 1&2 THANKS



Unadjusted Trial Balance Cash $ 34,500 Accounts receivable 22,000 Supplies 5,500 Prepaid rent 9,000 66,000 $ Equipment Accumulated amortization-equipment Accounts payable Salaries payable A. Burrows, Capital 12,650 7,200 0 122,700 A. Burrows, Withdrawals 25,000 Landscaping design revenue 136,000 Salaries expense 82,000 Rent expense Utilities expense 22,500 6,000 6,050 Amortization expense-equipment 0 Supplies expense $ 278 550ll $ 278 550 i Month-end Adjustment Data The following adjustments need to be made on December 31 before the financial statements for the year can be prepared. a. Accrued landscaping design revenue, $8,500. b. One month of the prepaid rent had been used. The unadjusted prepaid balance of $9,000 is for a period of four months. C. Supplies remaining on hand, $900. d. Amortization on equipment for the month of December. The equipment's expected useful life is 10 years; it will have no value at the end of its useful life, and the straight-line method of amortization is used. e. An accrual for two days of salaries is needed. A five-day weekly payroll is $10,000. Consider the unadjusted trial balance of Burrows Landscaping at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the unadjusted trial balance.) (Click the icon to view the month-end adjustment data.) Required 1. Prepare the adjusted trial balance of Burrows Landscaping at December 31, 2020 by sketching T-accounts in your notes to calculate the new balances. 2. Prepare the income statement and the statement of owner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a short description of how the three financial statements are linked. Requirement 1. Prepare the adjusted trial balance of Burrows Landscaping at December 31, 2020 by sketching T-accounts in your notes to calculate the new balances. (If a box is not used in the adjusted trial balance, leave the box empty; do not enter a zero.) Burrows Landscaping Adjusted Trial Balance December 31, 2020 Balance Account Title Debit Credit Cash Accounts receivable Supplies Prepaid rent
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