Question

ses Retained Earnings Dividends Service Revenue Salaries Expense 1,800.00 4,100.00 20,800.00 3,300.00 Rent Expense Depreciation Expense - Equipment Supplies Expense Total $ 71,500.00 $ 71,500.00 Adjustment Data a. Unearned revenue still unearned at December 31, 2023 $2,450 b. Prepaid rent still in force at December 31, 2023 $1,750 c. Office supplies used $1,675 d. Depreciation $450 e. Accrued Salaries Expense at December 31, 2023. $350 Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Prepare the adjusting entries and post to the T-accounts. 3. Prepare the adjusted trial balance. 4. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 5. Prepare the closing entries and post to the T-accounts. 6. Prepare a post-closing trial balance. 7. Calculate the current ratio for the company. You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using the following naming protocol: Lastname FirstnameAssessment

          ses
Retained Earnings
Dividends
Service Revenue
Salaries Expense
1,800.00
4,100.00
20,800.00
3,300.00
Rent Expense
Depreciation Expense - Equipment
Supplies Expense
Total
$ 71,500.00 $ 71,500.00
Adjustment Data
a. Unearned revenue still unearned at December 31, 2023 $2,450
b. Prepaid rent still in force at December 31, 2023
$1,750
c. Office supplies used
$1,675
d. Depreciation
$450
e. Accrued Salaries Expense at December 31, 2023.
$350
Requirements
1. Open T-accounts using the balances in the unadjusted trial balance.
2. Prepare the adjusting entries and post to the T-accounts.
3. Prepare the adjusted trial balance.
4. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in
report form.
5. Prepare the closing entries and post to the T-accounts.
6. Prepare a post-closing trial balance.
7. Calculate the current ratio for the company.
You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using the
following naming protocol: Lastname FirstnameAssessment

ses
Retained Earnings
Dividends
Service Revenue
Salaries Expense
1,800.00
4,100.00
20,800.00
3,300.00
Rent Expense
Depreciation Expense - Equipment
Supplies Expense
Total
71,500.00 71,500.00
Adjustment Data
a. Unearned revenue still unearned at December 31, 2023 2,450
b. Prepaid rent still in force at December 31, 20231,750
c. Office supplies used
1,675
d. Depreciation450
e. Accrued Salaries Expense at December 31, 2023.
350
Requirements
1. Open T-accounts using the balances in the unadjusted trial balance.
2. Prepare the adjusting entries and post to the T-accounts.
3. Prepare the adjusted trial balance.
4. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in
report form.
5. Prepare the closing entries and post to the T-accounts.
6. Prepare a post-closing trial balance.
7. Calculate the current ratio for the company.
You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using the
following naming protocol: Lastname FirstnameAssessment

Added by Shannon N.

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