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Enabled: Mie Accounting Final Tunstall, Inc

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Enabled: Mie Accounting Final Tunstall, Inc., a small service company, keeps its records without the help of on accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31 Tunstall, the Unadjunted Trial Balance for the Year Ended December 31 Credit Debit 46,000 11,300 630 690 17,900 8,400 9,760 2.310 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (4,400 shares outstanding) Additional paid in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed: excluden income tax) Income tax expense Totalo 13,000 1,856 16.704 6.000 87,450 16,200 33,240 135,720 135, 720 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $170 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year. $690. c. Depreciation expense for the current year. $3,900, d. Wages earned by employees not yet paid on December 31, $700. e Income tax expense, $4,980, Required: 1. Record the adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first
nabled: MIB Accounting Final 2. Prepare an income statement that include the effects of the preceding five transactions. (Round "Earnings decimal places.) TUNSTALL INC Income Statement Earnings per share 2.b. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts Indicated by a minus sign.) TUNSTALL INC
Required information 2-3. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts to be dedu Indicated by a minus sign.) TUNSTALL INC. Balance Sheet $ $ 0 $ $ $ TOTO $
3. Record the closing entry. (If no entry is required for a transaction/event, select "No journal entry required field.) View transaction at Journal entry worksheet Record closing entry to transfer revenues and expenses to retained earnings. Note: Enter debit before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal