Greavy Theater Production Company’s partially completed worksheet as of December 31, 2024, 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:

1 2 3 4 5 Account Names 7 Cash 8 Accounts Receivable 9 Office Supplies 10 Prepaid Insurance A 11 Equipment 12 Accumulated Depreciation-Equipment 13 Accounts Payable 14 Salaries Payable 15 Greavy, Capital 16 Greavy, Withdrawals 17 Service Revenue 18 Depreciation Expense-Equipment 19 Supplies Expense 20 Utilities Expense 21 Salaries Expense 22 Insurance Expense 23 Total 24 GREAVY THEATER PRODUCTION COMPANY Unadjusted Trial Balance Debit Credit $ Worksheet December 31, 2024 4,300 5,900 1,900 4,550 30,000 30,500 5,500 27,500 $ 110,150 $ 7,600 3,600 21,950 77,000 $ 110,150 E Adjustments Debit Credit G Adjusted Trial Balance Debit Credit