10 Feb Record the journal entries that occurred during the month of December. Prepare an unadjusted trial balance. Create adjusting journal entries at the end of the year (December 31) based o
Using this spreadsheet and the information above, complete the following:
- Record the journal entries that occurred during the month of December.
- Prepare an unadjusted trial balance.
- Create adjusting journal entries at the end of the year (December 31) based on the following adjustment data:
- One month's insurance coverage has expired (refer to the December 10 entry).
- The company occupied the warehouse space for the month of December (refer to the December 2 entry).
- At the end of the month, $100 worth of office supplies are still available (refer to the December 3 entry).
- This month's depreciation on the soccer equipment is $250.
- Employees earned $300 of unpaid and unrecorded salaries as of month-end.
- Prepare an adjusted trial balance.
- Prepare an income statement, a statement of retained earnings, and a classified balance sheet as of December 31, 2019.
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