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Consider the unadjusted trial balance of Lady, Inc., at July 31, 2012, and the related month-end adjustment data. Lady, loc. Teisl Balance Work Sheet July 31, 2012 Trial Balance Det Credit Adjustments Debut Credit Adjusted Trial Balance Dhe credit 1000 2.100 90.000 Account Cash Acom Prepondre Supplies Fumi Accuddur Accounts payable Salary Cowock Rendering Ewides SERVICE Salary Resep Ultip Depreciation expense Suppliex Total 140.000 17.000 Adjustment data at July 31, 2012: a. Accrued service revenue at July 31, $1,700. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,000 relates to the period July 1, 2012, through September, 2013. c. Supplies used during July, $1,630. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at July 31 for Monday, Tuesday, and Wednesday. The five-day weekly payroll of $5,000 will be paid on Friday. 3. Prepare; (a) Income Statement, (b) Retained Earning Statement and (c) Balance Sheet at the July 31, 2012. (29 points) Adjustments Debit Credit Adjusted Trial Balance Debit Credit Trial Balance Debit Credit 8,800 1,600 3,000 2,100 90,000 3,000 3,200 Account Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated depreciation Accounts payable Salary payable Common stock Retained earnings Dividends Service revenue Salary expense Rent expense Utilities expense Depreciation expense Supplies expense Total 14,000 75,060 3,900 17,000 2,400 460 112 260 1127 260

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