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Requirement 1. Prepare a worksheet for Farrell Investment Advisers at December 31, 2024. The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet one section at a time beginning with the Adjustments section. Enter the adjustments along with the adjustment letter references(a),b), (c), etc.into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.

More Info Data Table b c. Unearned Revenue earned during the year $500 Office Supplies on hand, 53,000 Depreciation for the year, $4.000 Accrued Salaries Expense, $2.000 Accrued Service Revenue 59.000 d. - bbreviations Used Acct Account Farrell Investment Advisers Unadjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash 25,000 Accounts Receivable 48.000 Office Supplies 5,000 Equipment 23,000 Accumulated Depreciadtion-Equipment S 15.000 Accounts Payable 12.000 Salaries Payable Uneared Revenue 6,000 Notes Payable (long-term) 16,000 Farrell, Capital 30 000 Farrell, Withdrawals 33.000 AR Supp AD-Equip AP Pay Unear Roy NP (V) Accounts Receivable Supplies Accumulated Depreciation Equipment Accounts Payable Payable Uneared Revenue Notes Payable long-term) Capital Withdrawals Revenue Insurance Expense Expense Depreciation Expense Equipment Cap WID Rev ins Exp Exp Door Exp Print Done (Click the icon to view the abbreviations Farrell Investment Advisers Worksheet December 31, 2024 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Acct. Title Debit Credit Debit Credit Debit Credit Income Balance Statement Sheet Debit Credit Debit Credit Cash 25,000 46,000 AJR 9,000 Office Supp 2,000 lb 5,000 23.000 Equipment A/D-Equip 15,000 4,000|| AJP 12,000 Salaries Pay 2.000 d 6,000 a 500 16,000 Uneam Rev N/P (V) Farrell, Cap Farrell, W/D 30,000 33,000 Service Rev 99,000 2.000 34,000 Ins. Exp Salaries Exp Supplies Exp Interest Exp Rent Exp 3,000 7,000 Depr. Exp Total 178,000 178,000 Net income or loss

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