The trial balance for Wilson Financial Services on January 31 is as follows:

Data for month- end adjustments are as follows:
a. Expired or used- up insurance, $ 750.
b. Depreciation expense on equipment, $ 300.
c. Wages accrued or earned since the last payday, $ 1,055 (owed and to be paid on the next payday).
d. Supplies used, $ 535.

Required
1. Complete a work sheet for the month.
2. Journalize the adjusting entries.
3. Prepare an income statement, a statement of owner€™s equity, and a balance sheet. Assume that no additional investments were made duringJanuary.

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Wilson Financial Services Trial Balance January 31,20- Credit Account Name Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable L. Wilson, Capital L Wilson, Drawing Financial Services Fees Wages Expense Rent Expense Utilities Expense Repair Expense Miscellaneous Expense Debit 17910 650 4,500 15.400 3,500 2.450 25,800 3,000 15,550 4,025 1,200 430 110 75 47,300 47300