The trial balance for Damon’s Repair Service appears in Figure 4.24. Adjustment Data to Update Trial Balance
a. Insurance expired, $600.
b. Repair supplies on hand, $2,400.
c. Depreciation on repair equipment, $600.
d. Wages earned but unpaid, $200.
Your task is to:
1. Complete a worksheet for Damon’s Repair Service for the month of April.
2. Prepare an income statement for April, a statement of owner’s equity for April, and a balance sheet as of April 30, 201X.

Figure 4.24: