The unadjusted trial balance for Forever Green Landscaping on August 31, 2016, follows

Required
1. Enter the unadjusted trial balance in the first two columns of a ten-column work sheet.
2. Enter the necessary adjustments in the appropriate columns of the work sheet for each of the following:
a. A count of the supplies on hand at the end of August reveals a balance of $730.
b. The company paid $4,200 in cash on May 1, 2016, for a two-year insurance policy.
c. The equipment has a four-year estimated useful life and no salvage value.
d. The buildings have an estimated useful life of 30 years and no salvage value.
e. The company leases space in its building to another company. The agreement requires the tenant to pay Forever Green $700 on the 10th of each month for the previous month's rent.
f. Wages and salaries earned by employees at the end of August but not yet paid amount to $3,320.
The company signed a six-month promissory note on August 1, 2016. Interest at an annual rate of 12% and the principal amount of $10,000 are due on February 1, 2017.
3. Complete the remaining columns of the work sheet.
4. Assume that Forever Green closes its books at the end of each month before preparing financial statements. Prepare the necessary closing entries at August 31, 2016.

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Debit Credit Accounts Receivable Supplies on Hand Prepaid Insurance Equipment Accumulated Depreciation-Equipment Buildings Accumulated Depreciation-Buildings S 6,460 23,400 1.260 3,675 28,800 $ 9,200 Notes Payable Capital Stock Retained Earnings Service Revenue Advertising Expense Gasoline and Oil Expense Wage and Salary Expense 16,800 10,500 10,000 40,000 42,100 14,200 1,200 1,775 4,230 Totals $142,800 $142,800