Question: Consider the data in Figure for Daisys Dance Studio: Adjustment Data a. Insurance expired, $100. b. Dance supplies on hand, $1,100. c. Depreciation on dance

Consider the data in Figure for Daisy€™s Dance Studio:

Adjustment Data
a. Insurance expired, $100.
b. Dance supplies on hand, $1,100.
c. Depreciation on dance equipment, $2,000.
d. Salaries earned by employees but not to be paid until October, $1,000.
Your task is to do the following:
1. Prepare a worksheet.
2. Journalize adjusting and closingentries.

DAISY'S DANCE STUDIO TRIAL BALANCE SEPTEMBER 30, 201X Dr 60 00 11000l00 Cr Cash Accounts Receivable Prepaid Insurance Dance Supplies Dance Equipment 0 10200l00 Accounts Pavable D. Dalia, Capital D. Dalia, Withdrawals Dance Fees Earned Salaries Ex Tel Advertising Expense 45 500 40000 2180000 Ex 95510 000 9550000

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