Required information
The following information applies to the questions displayed below.
Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After
much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the
annual accounting period on December :
Data not yet recorded at December included:
a The supplies count on December reflected $ in remaining supplies on hand to be used in the
next year.
b Insurance expired during the current year, $
c Depreciation expense for the current year, $
d Wages earned by employees not yet paid on December $
e Three months of interest expense for the note payable borrowed on October of the current year was
incurred in the current year.
f Income tax expense, $
a Prepare an income statement with Operating Income and Other Items sections that include the effects of the
preceding six transactions.
b Prepare a classified balance sheet that include the effects of the preceding six transactions.
