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As stated in its annual report Unik Computer Corporation

is #890
As stated in its annual report, Unik Computer Corporation is an information technology
company, developing and marketing hardware, software, solutions, and services. The following
trial balance lists accounts that Unik uses. Assume that the balances are unadjusted at the end
of the fiscal year ended December 31, 2015:Required:1. Based on the information in the
unadjusted trial balance, list the deferred accounts that may need to be adjusted at December
31 and the related statement of earnings account in each case (no computations are
necessary). 2. Based on the information in the unadjusted trial balance, list the accrual accounts
that may need to be recorded at December 31 and the related statement of earnings account in
each case (no computations are necessary). 3. Which accounts should be closed at the end of
the year? Why?View Solution:
As stated in its annual report Unik Computer Corporation is

ANSWER
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