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This question was created from 05-FinancialAcct10-Ch04 https://www.coursehero.com/file/16172231/05-FinancialAcct10-Ch04/

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The following trial balance and additional data are for Roswell Interior Decorators, Inc.:
Problem 4-5
Prepare work shee
ROSWELL INTERIOR DECORATORS, INC
income statement
Trial Balance
statement of retaine
December 31, 2012
earnings, classifie
Debits
Credits
balance sheet, an
Cash
$
85,100
adjusting and closin
Accounts Receivable
81,600
entries (LO. 2-5,
Supplies on Hand
4,000
Prepaid Rent
12,240
Prepaid Advertising
2,880
Prepaid Insurance
4,100
Office Equipment
7,600
Accumulated Depreciation-Office Equipment
$
2,760
Office Furniture
29,200
Accumulated Depreciation-Office Furniture
8,280
Accounts Payable
25,200
Notes Payable (due 2013)
4,000
Capital Stock
100,000
Retained Earnings, January 1, 2012
22,400
Dividends
45,520
Service Revenue
250,000
Salaries Expense
98,800
Utilities Expense
20,000
Miscellaneous Expense
24,000
$ 412,640
$ 412,610
1. Supplies on hand at December 31, 2012, are $1,000.
2. Rent expense for 2012 is $10,000.
Additional data
3. Advertising expense for 2012 is $2,304.
4. Insurance expense for 2012 is $2,400.
5. Depreciation expense is office equipment, $912, and office furniture, $3,000.
6. Accrued interest on notes payable is $150.
7. Accrued salaries are $4,200.
a. Prepare a 12-column work sheet for the year ended December 31, 2012. You need
Required
not include account numbers or explanations of adjustments.
b. Prepare an income statement.
c. Prepare a statement of retained earnings.
d. Prepare a classified balance sheet.
e. Prepare adjusting and closing entries.

Top Answer

Work sheet = Unadjusted Trial Balance, Adjustments... View the full answer

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