Consider the unadjusted trial balance of Royals, Inc. at December 31,2023 , and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Royals, Inc. at December 31, 2023. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31,$3,130. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $1,800 relates to the period December 1, 2023 through February 28, 2024. c. Supplies used during December, $1,960. 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 $26,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Consider the unadjusted trial balance of Royals, Inc. at December 31,2023 , and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Royals, Inc. at December 31, 2023. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. More info Adjustment data at December 31, 2023: a. Accrued service revenue at December 31,$3,130. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $1,800 relates to the period December 1, 2023 through February 28, 2024. c. Supplies used during December, $1,960. 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 $26,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday