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Using the following trial balance information for Bob’s Flowers for 2010, prepare an adjusted trial balance, adjusting and closing journal entries,

Using the following trial balance information for Bob’s Flowers for 2010, prepare an adjusted trial balance, adjusting and closing journal entries, and (in good form) an Income Statement, Statement of Retained Earnings and Balance Sheet.

a. Expired insurance totals $8.
b. Of the unearned revenue, all has been earned by the balance sheet date.
c. Estimated depreciation of equipment is $6.
d. Accrued wages equal $4.
e. Unused supplies on hand are $4.
f. Estimated income taxes are $2.


Account Name
Debit
Credit
Trial Balance
 
 
Cash
30
 
Account Receivable
20
 
Prepaid Insurance
12
 
Supplies
10
 
Equipment
40
 
Accumulated Depreciation, Equipment
 
6
Account Payable
 
12
Unearned Revenue
 
8
Common Stock
 
64
Dividends
2
 
Service Revenue
 
48
Wages Expense
24
 

 
TUTORIAL PREVIEW
Bob Flower
2010
Unadjusted Trial balance
Adjustments
Adjusted Trial balance
Debit
Credit
Debit
Credit
Debit
Credit
 
 
 
 
 
 
 
 
 
Cash
              30
 
 
 
 
 
              30
 
Accounts receivable
              20
 
 
 
 
 
              20
 

File name: Bobs-flower.xls File type: XLS PRICE: $12