From the following trial balance (Figure 4.19 , page 132) and adjustment data, complete a worksheet for J. Trent as of July 31, 201X:

1. Depreciation expense, store equipment, $2.

2. Insurance expired, $1.

3. Store supplies on hand, $8.

4. Wages owed, but not paid for (they are an expense in the old year), $2.

Transcribed Image Text:

J. TRENT TRIAL BALANCE JULY 31, 201X Account Titles Dr. Cr. 500 1000 Cash Accounts Receivable 700 900 Prepaid Insurance Store Supplies Store Equipment 1000 Accumulated Depreciation, Store Equipment 400 Accounts Payable 700 J. Trent, Capital J. Trent, Withdrawals 1900 200 Revenue from Clients 2800 Rent Expense 500 Wage Expense 1000 Totals 58 00 58 00