Steps for How to solve

Prepare an adjusted trial balance, Income Statement, Statement of Retained Earnings, and Balance Sheet from the following account information, considering the adjustment data provided $($assume accounts have normal balances$).$ Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation.

Adjustments needed:

Salaries due to employees, but unpaid at the end of the period, $$2,000$

Insurance still unexpired at end of the period, $$12,000$

$\backslash$table$[[,$Unadjusted Trial Balance,Adjusting Entries,Adjusted Trial Balance$],[$Account$,$Debit,Credit,Debit,Credit,Debit,Credit$],[$Accounts payable,$$,$$

$9,500,,,,],[$Accounts receivable,$14,260,,,,,],[$Cash$,22,222,,,,,],[$Common stock,,$30,000,,,,],[$Dividends$,5,000,,,,,],[$Equipment$,12,000,,,,,],[$Prepaid insurance,$25,444,,,,,],[$Land$,20,000,,,,,],[$Notes payable,,$26,000,,,,],[$Retained earnings,,$12,815,,,,],[$Insurance expense,$12,689,,,,,],[$Service revenue,,$89,550,,,,],[$Supplies$,2,750,,,,,],[$Salaries expense,$53,500,,,,,],[$Total$,$$

$167,865,$$

$167,865,,,,]]$