From the following trial balance, complete a worksheet for Jim’s Hardware of Halifax: 

Assumptions 

a. Physical count of inventory on December 31, $615 

b. Insurance expired, $150 

c. Depreciation expense on store equipment, $60

d. Accrued wages, $90

Transcribed Image Text:

JIM'S HARDWARE TRIAL BALANCE DECEMBER 31, 2018 Dr. Cr. 786 00 1152 00 600 00 684 00 2160 00 Cash Accounts Receivable Inventory Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Jim Spool, Capital Income Summary Sales 660 00 5 16 00 163200 11 0 40 00 5 46 00 216 00 4 986 00 1716 00 79200 114 00 96 00 13 8 48 00 Sales Returns and Allowances Sales Discounts Cost of Goods Sold Wages Expense Rent Expense Telephone Expense Miscellaneous Expense 13 8 48 00