Requirement $1.$ Using the$$ worksheet, prepare the adjusted trial balance of Tzarness$,$Inc$.,$ at December $31,2023.$ The unadjusted balances have been entered for you. Key each adjusting entry by letter.

Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance.

Tzarness, Inc.

Trial Balance Work Sheet

December $31,2023$

Trial Balance

Adjustments

Account

Debit

Credit

Debit

Credit

Cash

$8,800$

a$.$

Accounts receivable

$1,100$

Prepaid rent

$2,100$

Supplies

$2,000$

Furniture

$72,000$

Accumulated depreciation$-$furniture

$4,000$

Accounts payable

$3,000$

Salary payable

Common stock

$13,000$

Retained earnings

$48,150$

Dividends

$4,200$

Service revenue

$25,600$

Salary expense

$3,100$

Rent expense

Utilities expense

$450$

Depreciation expense$-$furniture

Supplies expense

Total

$93,750$

$93,750$

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