Preparing and posting adjusting journal entries; preparing an

adjusted trial balance and financial statements

The trial balance of ABC Corporation at December $31,2024,$ and the

data needed for the month$-$end adjustments follow.

Adjustment data at December $31$ follow:

a$.$ Prepaid insurance still in force, $$700.$

b$.$ Supplies used during the month, $$500.$

c$.$ Depreciation for the month, $$1,600.$

d$.$ Accrued salary expense, $$400.$

e$.$ Unearned service revenue still unearned, $$1,400.$

Requirements

Journalize the adjusting entries.

The unadjusted balances have been entered for you in the

general ledger accounts. Post the adjusting entries to the ledger

accounts.

Prepare the adjusted trial balance.

Prepare the income statement, statement of retained earnings,

and balance sheet for the business for the month ended December $31,$