Adcox Advertising- Financial statements

Diane Adcox has operated a sma advertising agency in charleston, south Carolina,for the past
15 years. Her cients are primairly businesses located in the historic section of charleston.
It is now the end of her fiscal year and diane would like you to complete an accounting work sheet
to reflect her adjusted account balances. The unadjusted Trial Balance for Adcox Advertising Inc.
is presented below.
Adcox Advertising
Unadjusted Trial Balance
For the ear Ended December 31,2015
Trial Balance
Accounting Title Debit Credit
cash 63,500
Marketable Securities 24,000
Account Receivable 49,000
Supplies 15,000
Prepaid Rent 10,000
Furniture & Fixtures 34,500
Accumulated Deprecitation 800
Accounts Payable 1,500
Interest Payable
Salaries Payable
Unearned Revenue 9,000
Notes Payable Long Term 10,000
D.Adcox, capital 1,97,160
D.Adcox, Withdrwal 25,000
Fees Earned 1,21,300
salaries expense 40,000
utilities expense 14,400
rent expense 60,000
supplies expense 1,560
depreciation expense 2,800
Tota 3,39,760 3,39,760
Additional Information
1. Additional Supplies used during the year amounted to $6500
2. $2350 on unearned service revenue was earned during the year.
3. Earned but unpaid salaries at year end amounted to $1350.
4. Interest expense of $220 was earned amounted not recorded.
5. Additional depreciation of $730 on the Furnitures and Fixures was not recorded.
6. $4,300 of prepaid rent was used up at year end.
1- Prepare a ten-column accounting Trial Balance work sheet. (go to intermediate accounting book )
2- Prepare a classified income statement, balance sheet,Reterned earning
and statement of stock holders equity



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