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The unadjusted til balance of Malax Research on December 31, 2020, and the related month and went Gatewebelow Click the konto view the unadjusted til balance) Click the icon to view the month-end adjustment data) Required 1. Prepare the adjusted trial balance of Rouch December 31, 2020 by saching Taccounts in your not to calculate the new 2. Prepare the income stated the statement of owner's equity for the year ended December 312020and the balance sheet December 2000 Washion of how the three francaise Requirement. Prepare the adjusted til balance of Hall Research of December 31, 2020 by shching accounts in your notes to calculate the new Complete the real balance. Remember to consider the adjustments provided in the problem. Round all ads to the nearest whole dollar ifobox is not used in the adjusted lance, the box empty, do not enter a zero) Hallax Resoch Adjusted lance December 31, 2020 Balance Account Debit Cret Cash 8/3/2020 Ungusted Trial Balance Halifax Research Unadjusted Trial Balance December 31, 2020 Balance Debit Credit Account Title Cash $ Accounts receivable 24.2001 38,500 12,000 2,400 72,000 $ 13,800 18,400 0 Prepaid rent Supplies Furniture Accumulated amortization furniture Accounts payable Salaries payable J. Suzuki, capital J. Suzuki, withdrawals Consulting revenue Salaries expense Rent expense Utilites expense Amortization expense furniture 125,000 46.000 121.500 32.000 33.000 12.000 6,600 Supplies expense 0 Total $ 278.700 $ 278.700 at December 31, 2020, and the related month-end adjustment data appear below. balance.) W astment dat 0 Adjustments -X Research at ment of owne esco a. nce of Halifax b. - to consider use C. d. Accrued consulting revenue at December 31, $3,800, The prepaid balance of S12.000 represented one year of rent. Four months of prepaid rent have been used Supplies remaining on hand at December 31, 5900 The estimated useful life of the furniture is 10 years; it will have no value at the end of 10 years, and the straight-line method of amortization is used. Amortization expense had only been taken for the first 11 months Accrued salaries expense at December 31 is for three days. The five-day weekly payroll is $6.000 20 e. Bal Debit Print Done in the input fields and then continue to the next question Required 1. Prepare the adjusted trial balance of Halifax Research at December 31, 2020 by sketching 2. Prepare the income statement and the statement of owner's equity for the year ended Decem Balance Account Title Debit Credit Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated amortization-furniture Accounts payable Salaries payable Choose from any list or enter any number in the input fields and then entista Salaries payable J. Suzuki, capital J. Suzuki, withdrawals Consulting revenue Salaries expense Rent expense Utilities expense Amortization expense-furniture Supplies expense Total 2. Prepare the income statement and the statement of owner's gally for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a short description of how the three Sancial statements end Requirement 2. Prepare the income statement and the stunt of owner's out for the year ended December 31, 2020, and the balance sheet at December 31, 2020 Wis a short description of how the refrandal statements are kod Begin with the income utement Revenue Expos 2 aber 31, 2020, and the related month-end adjustment data appear below. data.) at December 31, 2020 by sketching T-accounts in your notes to calculate the new balances. ner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a Expenses Total expenses Net income Next, prepare the statement of owner's equity Add Less Choose from any stocenter any number in the input helds and then continue to the next question e lowels equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a short description of how Finally, prepare the balance sheet. Begin with the heading, and then complete the body of the statement Assets Liabilities Total abilities Owner's Equity Choose from any list or enter any number in the input fields and then continue to the next question of the year ended 31,2020. and the balance sheet December 31, 2020 Wibe a short description of how the two financial state new balances Tools Owner's Equity Total assets Write a short description of how the three financial statements are linked Total abilities and owner's equily from the income statement is transferred to the The ending balance of is the transferred to the owner's equity section of the balance sheet

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