More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31,$2,720....
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More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31,$2,720. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $1,500 relates to the period - December 1, 2023 through February 28, 2024. c. Supplies used during December, $2,460. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at December 31 for Monday. Tuesday and Wednesday. The five-day weekly payroll of $24,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Consider the unadjusted trial balance of WOW, Inc. at December 31, 2023, and the related month-end adjustment data. Accounts payable Salary payable Common stock Rotained earnings lvidends 3,500 ervice revenue alary expense nt expense lities expense preciation expense-fumiture plies expense irement 2. Prepare the single-step monthly income statement, the statement of retained eaminqs, and tha rlaseifiar Income Statement Month Ended Decerhber 31, 2023 Finally, prepare the balance sheet. (If an input field is not used in the statement lea Review the adjusted trial balance completed in Requirement 1. Balance Sheet December 31, 2023
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