Update the trial balance for Kreg?s Moving Co. (Figure 4.27 on page 137) for October 31, 201X.

Adjustment Data to Update Trial Balance

1. Insurance expired, $550.

2. Moving supplies on hand, $800.

3. Depreciation on moving truck, $550.

4. Wages earned but unpaid, $300.

Your task is to:

1. Complete a worksheet for Kreg?s Moving Co. for the month of October.

2. Prepare an income statement for October, a statement of owner?s equity for October, and a balance sheet as of October 31, 201X.

Transcribed Image Text:

KREG'S MOVING cO. TRIAL BALANCE OCTOBER 31, 201X Account Titles Dr. Cr. Cash 600000 Prepaid Insurance 240000 Moving Supplies Μονng Truck 1000 00 18 000 00 600000 276800 16 39300 Accumulated Depreciation, Moving Truck Accounts Payable K. Hill, Capital K. Hill, Withdrawals 150000 Revenue from Moving 880000 371200 72000 6 29 00 Wages Expense Rent Expense Advertising Expense Totals 33 96 100 3396 100