Please prepare ASAP from the following information (Figure on the following page)
(1) A worksheet along with
(2) Journalized adjusting and closing entries.

MEMO
TO: Matt Kaminsky
FROM: Abby Ellen
RE: Accounting Needs
Adjustment Data
a. Insurance expired, $700.
b. Dance supplies on hand, $300.
c. Depreciation on dance equipment, $400.
d. Salaries earned by employees but not due to be paid until October,$1,000.

Transcribed Image Text:

DAISY'S DANCE STUDIO TRIAL BALANCE SEPTEMBER 30, 201X Cr Cash Accounts Receivable Prepaid Insurance Dance Supplies 30 0010100 8 00 000 100000 21 00000 Accumulated Depreciation, Dance Equipment 27000 oo D. Dalia, Capital D. Dalia, Withdrawals Dance Fees Earned Salaries Expense Telephone Ex Advertising Expense 90000 2380000 1 10000 64 2 0000 6420000