Update the trial balance for Kyles Moving Co. (Figure 4.27 on page 142) for October 31, 201X.

Question:

Update the trial balance for Kyle’s Moving Co. (Figure 4.27 on page 142) for October 31, 201X.
Adjustment Data to Update Trial Balance
a. Insurance expired, $600.
b. Moving supplies on hand, $800.
c. Depreciation on moving truck, $500.
d. Wages earned but unpaid, $350.

Your task is to:
1. Complete a worksheet for Kyle’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.

Figure 4.27: