From the trial balance in Figure, complete a worksheet for Jack€™s Hardware. Assume the following:

a/b. Ending inventory on December 31 is calculated at $320.
c. Insurance expired, $150.
d. Depreciation on store equipment, $50.
e. Accrued wages,$110.

Transcribed Image Text:

JACK'S HARDWARE TRIAL BALANCE DECEMBER 31, 201X Dr 718 6/00 Cr. Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Store Equipment 115200 65000 2000 0 525 165600 Accounts Payable ack S Income Summary Hardware Sales Hardware Sales Returns and Allowances Hardware Sales Discount Capital 1113400 52400 24000 16000 Purchases Returns and Allowances Wages Expense Rent Expense Telephone Expense 56 00 78400 | |이기()() 08lo Total 14241001424100