As the bookkeeper of Palmer’s Plowing, you have been asked to complete the entire accounting cycle for Palmer from the following information.

Use the following chart of accounts.

Adjustment Data
a. Snow supplies on hand, $100.
b. Rent expired, $800.
c. Depreciation on office equipment, $160:

($9,600/5 yr = $1,920/12 mo. = $160).

d. Depreciation on snow equipment, $150:

($9,000/5 yr = $1,800/12 mo. = $150).

e. Accrued salaries, $340.