Question 11 COMPREHENSIVE PROBLEM : nadjusted T8 to Financial Statements Below is an unadjusted trial balance for the year 2021 for Fall Fun, Inc. FF. FE provides tourist adventure services to their customers in helping them enjoy the beautiful fall season outdoors Good news All of the initial transactions for the accounting period have already been posted Use the Unadjusted Trial Balance below to complete the TB worksheet and financial statements 9 ACCOUNT UNADJUSTED UNADJUSTED DEBIT CREDIT ICASH 100 ACCOUNTS RECEIVABLE B SUPPLIES PREPAID INSURANCE 12 EQUIPMENT 35 ACCUMULATED DEPRECIATION ACCOUNTS PAYABLE 4 INTEREST PAYABLE WAGES PAYABLE UNEARNED REVENUE 20 LOAN PAYABLE 100 COMMON STOCK 10 RETAINED EARNINGS 25 Te to cparch DATIONEN INTEREST ENSE NSURANCE DONE RENT EXPENSE SUPPLIES EXPENSE UTILITIES EXPENSE WAGAS EXPENSE 12 36 TOTAL DEBITS & CREDITS 5259 $259 Additional Information needed for year-end adjustments: Use this info below to make adjusting Journal entries in good form a) Fall Fun, Inc purchased and began using the Equipment for $35 on July 1.2021 (the purchase transaction has already been recorded) The equipment is expected to lasts years and have a salvage value of $5. SV. Inc uses straight line depreciation b) FF borrowed $100 on Feb 1, 2021 (the loan is already recorded). The loan requires 12% annual cash interest payments beginning January 31, 2022. The principle balance will not be repaid by FF. Inc until 2024. c) By the end of the accounting period, FF Inc earned half of the amount customer's previously paid for tourist services. d) There are $3 remaining in supplies as of the balance sheet date. e) The Prepaid Insurance on the Unadjusted TB represents a 12 month (1 year) insurance policy from Nov 1, 2021 to Oct 31, 2022. The cash payment for the insurance has already been recorded. f) Employees are owed $8 for their wages from December 2021 and not paid until January 2022. Grading of this problem will be based off of your handwritten PDF of your TB worksheet, journal entries, and 3 financial statements. DOCATIONEN TEREST EXPENSE SURANCE EXPE 4 12 SUPPLIES EXPENSE UTILITIES EXPENSE WAGES EXPENSE 4 36 TOTAL DEBITS & CREDITS 5259 $259 Additional Information needed for year-end adjustments. Use this info below to make adjusting Journal entries in good form a) Fall Fun, Inc purchased and began using the Equipment for $35 on July 1, 2021.the purchase transaction has already been recorded) The equipment is expected to lau years and have a salvage value of $5. SV. Inc uses straight line depreciation b) FF borrowed $100 on Feb 1.2021 (the loan is already recorded). The loan requires 12% annual cash interest payments beginning January 31, 2022. The principle balance will not be repaid by FF, Inc until 2024. c) By the end of the accounting period, FF Inc earned half of the amount customer's previously paid for tourist services. d) There are $3 remaining in supplies as of the balance sheet date.. e) The Prepaid Insurance on the Unadjusted TB represents a 12 month (1 year) Insurance policy from Nov 1.2021 to Oct 31.2022. The cash payment for the insurance has already been recorded. 1) Employees are owed $8 for their wages from December 2021 and not paid until January 2022 Grading of this problem will be based off of your handwritten PDF of your TB worksheet, journal entries, and 3 financial statements