I need to follow all the instruction Case Study -Adjusting and closing entries...
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I need to follow all the instruction
Case Study -Adjusting and closing entries and Preparing Statements The following trial balance was taken from the books of Fisk Corporation on December 31, 2022. At year end, the following items have not yet been recorded. a. Insurance expired during the year, 2,000. b. Estimated bad debts, 2,600. c. Depreciation on equipment, 10% per year. d. Interest at 5% is receivable on the note for one full year. e. Services provided but not yet billed, 65,400 . f. Accrued salaries and wages at December 31,5,800. Instructions (a) Prepare the necessary adjusting entries. (b) Prepare the necessary closing entries. (C) Prepare Income Statement. (d) Prepare Statement of Owner's equity. (e) Prepare Classified Balance Sheet
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