$1.$ Supplies on hand total $$280.($Hint: How much was $$used up$.)$

$2.$ Depreciation is $$800$ per quarter. $($Hint: Remember $-$ the $$quarter$$ is $3$ month.$)$

$3.$ Interest accrued on $6-$month note payable, issued January $1,$ $$300.$

$($Hint: accrued does NOT mean that you paid it $$Cash$$ is NOT affected.$)$

$4.$ Insurance expires $($is used up$)$ at the rate of $$200$ per month.

$5.$ Services performed but unbilled at March $31$ total $$2,030.$

Instructions

$($a$)$ Complete the INC ST and BAL SHT cols of the worksheet.

$($b$)$ Prepare an income statement and a retained earnings statement for the quarter and a balance sheet at March $31.$

$($c$)$ Journalize the adjusting entries from the adjustments columns of the worksheet.