(Answered) Using the following trial balance information for bobs

Accounting

Using the following trial balance information for Bob's Flowers for 2010, prepare an adjusted trial balance, adjusting and closing journal entries, and (in good form) an Income 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 income taxes are $2.

Account Name Trial Balance

Cash 30debit

Account Receivable 20debit

Prepaid Insurance 12debit

Supplies 10debit

Equipment 40debit

Accumulated Depreciation, Equipment- 6credit

Account Payable 12credit

Unearned Revenue 8credit

Common Stock 64credit

Dividends 2debit

Service Revenue 48credit

Wages Expense 24debit

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