Please prepare from the following information for Eco Document Disposal Company, 

(1) A worksheet.

(2) Journalized adjusting entries for the year ending May 31, 2022.

To:          Peter George
From:     Anthony Hoang
Re:          Accounting Procedures

Adjustment Data
a. Insurance expired, $510.75.
b. Disposal supplies on hand, $723.
c. Depreciation for the year on disposal equipment is based on the straight-line method, 12-year life, and a residual value of $1,225.
d. Depreciation for the year on building is also straight-line, 20-year life, and a residual value of $25,000.
e. Wages earned by employees but not due to be paid until June amounted to 36 hours at $18/hour plus 30 hours at $24/hour.

Transcribed Image Text:

Cash Accounts Receivable Prepaid Insurance Disposal Supplies Disposal Equipment ECO DOCUMENT DISPOSAL COMPANY TRIAL BALANCE MAY 31, 2022 Accumulated Depreciation, Disposal Equipment Building Accumulated Depreciation, Building Accounts Payable A. Hoang, Capital A. Hoang, Withdrawals Disposal Fees Revenue Wages Expense Utilities Expense Advertising Expense Dr. 2221000 120000 68100 154200 1174000 4800000 1674200 Cr. 701000 2070000 466000 4868100 527200 2824000 254400 87200 13377100 1337 7100