The unadjusted trial balance of Walsh Anvils at December

31 #376
The unadjusted trial balance of Walsh Anvils at December 31, 2016, and the data for the
adjustments follow:Adjustment data:a. Unearned Revenue still unearned at December 31,
$3,000.b. Prepaid Rent still in force at December 31, $2,900.c. Office Supplies used $1,600.d.
Depreciation, $340.e. Accrued Salaries Expense at December 31, $280.Requirements1. Open
the T-accounts using the balances in the unadjusted trial balance.2. Complete the worksheet for
the year ended December 31, 2016. (optional)3. Prepare the adjusting entries, and post to the
accounts.4. Prepare an adjusted trial balance.5. Prepare the income statement, the statement
of retained earnings, and the classified balance sheet in report form.6. Prepare the closing
entries, and post to the accounts.7. Prepare a post-closing trial balance.8. Calculate the current
ratio for the company.View Solution:
The unadjusted trial balance of Walsh Anvils at December 31

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