Using the following information and the trial balance accounts and balances in the work sheet provided,...

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Using the following information and the trial balance accounts and balances in the work sheet provided, complete the work sheet. a. Expired insurance totals $520. b. Of the unearned revenue, 50% has been earned by the balance sheet date. c. Estimated depreciation of equipment is $240. d. Accrued wages at the end of the year amounted to $800. e. Inventory of unused supplies on hand at the end of the year was $180. Account Name Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Unearned Revenue Owner's Capital Withdrawals Service Revenue Wages Expense Trial Balance Adjustments Adjusted Income Trial Balance Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 1,800 120 800 480 2,000 1,600 480 100 320 1,100 8,000 3,200 10,000 10,000 Using the following information and the trial balance accounts and balances in the work sheet provided, complete the work sheet. a. Expired insurance totals $520. b. Of the unearned revenue, 50% has been earned by the balance sheet date. c. Estimated depreciation of equipment is $240. d. Accrued wages at the end of the year amounted to $800. e. Inventory of unused supplies on hand at the end of the year was $180. Account Name Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Unearned Revenue Owner's Capital Withdrawals Service Revenue Wages Expense Trial Balance Adjustments Adjusted Income Trial Balance Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 1,800 120 800 480 2,000 1,600 480 100 320 1,100 8,000 3,200 10,000 10,000

Answer rating: 100% (QA)

To complete the worksheet we need to incorporate the adjustments given into the trial balance and then calculate the adjusted trial balance income sta... View the full answer