Greavy Theater Production Company's partially completed worksheet as of December 31, 2018, follows.

Adjustment data at December 31 follow:
a. As of December 31, Greavy had performed $500 of service revenue but has not yet billed customers.
b. At the end of the month, Greavy had $700 of office supplies remaining.
c. Prepaid Insurance of $3,900 remained.
d. Depreciation expense, $4,000.
e. Accrued salaries expense of $200 that hasn't been paid yet.
Requirements
1. Complete the worksheet. Use letters a through e to label the five adjustments.
2. Journalize the adjusting entries.

Transcribed Image Text:

GREAVY THEATER PRODUCTION COMPANY Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Names Debit Debit Credit Debit Credit Credit Cash 4,300 Accounts Receivable 5,900 Office Supplies 1,900 Prepaid Insurance 4,550 Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable 30,000 7,600 3,600 Common Stock 21,950 Dividends 30,500 Service Revenue Depreciation Expense-Equipment Supplies Expense Utilities Expense Salaries Expense 77,000 5,500 27,500 Insurance Expense $ 110,150 $ 110,150 Total