Using the following trial balance information for Bobs Flowers
Using the following trial balance information for Bobâ€™s Flowers for 2010, prepare an adjusted trial balance, adjusting and closing journal entries, and (in good form) an incomeÂ Statement, Statement of Retained Earnings and Balance Sheet.
a. Expired insurance totals $8.
b. Of the unearned revenue, all has been earned by the balance sheet date.
c. Estimated depreciation of equipment is $6.
d. Accrued wages equal $4.
e. Unused supplies on hand are $4.
f. Estimated incometaxesÂ are $2.
Accumulated Depreciation, Equipment-