The following information is available as of year-end.a. Unexpired insurance at December 31b. Supplies on hand at December 31c. Depreciation of building for the yeard. Depreciation of equipment for the yeare. Revenue unearned at December 31f. Accrued salaries and wages at December 31g. Fees earned but unbilled on December 31CashAccounts ReceivablePrepaid InsuranceSuppliesLandBuildingAccumulated Depreciation-BldgEquipmentAccumulated Depreciation-Equip.Accounts PayableUnearned RevenueCapital StockRetained EarningsDividendsFees EarnedSalaries and Wages ExpenseUtilities ExpenseAdvertising ExpenseRepairs ExpenseF CompanyTrial BalanceDecember 31Miscellaneous ExpenseTotals$8,70020,6004,4001,95045,000134,50080,1008,00070,20023,20018,00011,5004,050$430,200Please provide answer in text (Without image),Prepare income statement.Prepare Statement of retained earnings.Prepare balance sheet.$86,70061,3007,5006,000$1,500$400$1,750$5,80015,30054,000199,400$2,000$2,300$4,850$430,200

Income statement:An income statement stands for the statement that shows profits and loss of the…

The following information is available as of year-end. a. Unexpired insurance at December 31 b. Supplies on hand at December 31 c. Depreciation of building for the year d. Depreciation of equipment for the year e. Revenue unearned at December 31 f. Accrued salaries and wages at December 31 g. Fees earned but unbilled on December 31 $1,500 $400 $1,750 $5,800 $2,000 $2,300 $4,850

The following information is available as of year-end. a. Unexpired insurance at December 31 b. Supplies on hand at December 31 c. Depreciation of building for the year d. Depreciation of equipment for the year e. Revenue unearned at December 31 f. Accrued salaries and wages at December 31 g. Fees earned but unbilled on December 31 $1,500 $400 $1,750 $5,800 $2,000 $2,300 $4,850

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 5SEQ: The balance in the unearned rent account for Jones Co. as of December 31 is $1 ,20(). If Jones Co....

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