Louie Long started a business called Louie's Lawn Service. The trial balance as of March 31, after the first month of operation, is as follows:

REQUIRED
1. Analyze the following adjustments and enter them on a work sheet.
(a) Ending supplies inventory as of March 31, $165.
(b) Insurance expired (used), $100.
(c) Depreciation of lawn equipment, $200.
(d) Wages earned but not paid as of March 31, $180.
2. Complete the worksheet.

Transcribed Image Text:

Louie's Lawn Service Work Sheet For Month Ended March 31, 20 - TRA EALANI IDUSTMINIS AECOUNT ITLE DET CREDIT DE CEEDE 13 7 5 00 1 Cash 2 Accounts Receivable 88 00 3 Supplies 4 Prepaid Insurance 49 00 8 0| 0 00 4 5 Lawn Equipment 6 Accum. Depr.-lawn Equipment 7 Accounts Payable 8 Wages Payable 9 Louie Long, Capital 10 Louie Long, Drawing 570 00 7 8 0 00 6 50 0 00 125 0 00 10 610 0 00 11 Lawn Service Fees 11 12 Wages Expense 13 Advertising Expense 14 Rent Expense 15 Supplies Expense 16 Telephone Expense 17 Insurance Expense 18 Repair Expense 114 00 12 00 13 7 2 5 00 14 15 16 0 00 16 17 250 00 18 Depr. Expense-Lawn Equipment 19 19 20 Miscellaneous Expense 6 5 00 20 13 3 80 00 13 3 8 0 00 21 21 88888