Update the trial balance for Kole?s Moving Co. (Figure 4.23 on page 135) for July 31, 201X.

Adjustment Data to Update Trial Balance

1. Insurance expired, $800.

2. Moving supplies on hand, $1,200.

3. Depreciation on moving truck, $400.

4. Wages earned but unpaid, $220.

Your task is to:1. Complete a worksheet for Kole?s Moving Co. for the month of July.

2. Prepare an income statement for July, a statement of owner?s equity for July, and a balance sheet as of July 31, 201X.

Transcribed Image Text:

KOLE'S MOVING CO. TRIAL BALANCE JULY 31, 201X Account Titles Dr. Cr. Cash 200000 Prepaid Insurance 210000 Moving Supplies 150000 800000 Moving Truck Accumulated Depreciation, Moving Truck 750000 Accounts Payable 230000 K. Hues, Capital 72000 K. Hues, Withdrawals 120000 Revenue from Moving 8600 00 Wage Expense 338000 |기00100 24000 Rent Expense Advertising Expense Totals 1912000 19 12000