In the partial work sheet for L. Wung Company that follows, the Trial Balance and Income Statement columns have been completed. All amounts are in dollars.

1. Show the adjustments that have been made in journal form without giving an explanation.
2. Prepare a balance sheet for December 31,2010.

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Trial Balance Income Statement Debit Credit Debit Credit Accouns Receivable 24 Prepaid Insurance Depreciation-Building Accoines Pavable L Wung, Capital 180 o xpensc Depreciation Expense-