Using the following trial balance and adjustment data for Vivian’s Repair Co. of Windsor, prepare:
1. A worksheet for October.
2. An income statement for October, a statement of owner’s equity for October and a balance sheet as of October 31, 2022.

Adjustment Data
a. One quarter of the prepaid insurance has expired.
b. Repair supplies on hand, $795.
c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1,200.
d. Depreciation on building is also straight-line, 50-year life, and no residual value.
e. Wages earned but unpaid amounted to 76 hours at $14 per hour at month-end.

Transcribed Image Text:

Cash Prepaid Insurance Repair Supplies Repair Equipment Building VIVIAN'S REPAIR CO. TRIAL BALANCE OCTOBER 31, 2022 Accumulated Accumulated Depreciation, Building Accounts Payable Vivian Hunter, Capital Vivian Hunter, Withdrawals Repair Fees Revenue Wages Expense Utilities Expense Advertising Expense Totals Dr. 332600 138900 114800 846000 5000000 1340000 Cr. 395200 1250000 272400 4308500 2868500 1089000 84100 149200 9094600 9094600