Given the following trial balance and adjustment data for Laura€™s Screen Printing Service of Richmond, your task is to prepare a worksheet for the month of November, the first month of operations in a new fiscal year.

Adjustment Data
a. Screen printing supplies on hand, $680.
b. Prepaid rent represents the first and last months€™ rent on a new office lease signed November 1, 2012.
c. Amortization on screen printing equipment is based on straight-line, five- year life and a residual value of $480.
d. Wages earned but unpaid amounted to 24.5 hours at $10 per hour.

Transcribed Image Text:

LAURA'S SCREEN PRINTING SERVICE TRIAL BALANCE NOVEMBER 30, 2012 Dr. 38 1300 282000 Cr. Cash Accounts Receivable Prepaid Rent Screen Printing Supplies Screen Printing Equipment Accumulated Amortization, Screen Printing Equipment Accounts Payable Laura Bailey, Capital Screen Printing Revenue Advertising Expense Utilities Expense Wages Expense 85000 9 2100 658000 244000 178800 582800 96 600 51000 27800 Totals 180 2200 180 2200