Chapter Six Worksheet Problems Problem 6-1: below is the trial balance of the Verna Smith Service Agency. Verna Smith Service Agency Trial Balance December 31, 95,000 23,850 450 1,200 410,000 20,100 Cash Accounts Receivable Supplies Prepaid Insurance Building Accumulated Depreciation, Building Accounts Payable Mortgage Payable V. Smith, Capital V. Smith, Withdrawals Service Revenue Building Repair Expense Utilities Expense Salaries Expense 60,000 325,000 45,000 100 180,000 15,000 4,500 80,000 630,100 630.100 Required 1. Copy the trial balance on the worksheet. 2. Complete the worksheet using the following adjustments: a. Unused supplies are $300. b. Depreciation on building is $10,000. c. Expired insurance is $900. d. Accrued salaries are $2,000. Chapter Six Worksheet Problem 6-2: Refer to Problem 6-1. Using the comp Statement, Statement of Owner's Equity, and Tem 6-1. Using the roleted worksheet, prepare the Income her's Equity, and Balance Sheet. Problem 6-3: Refer to Problem 6-1. Using the completed entries. Problem 6-4: Listed below are the transactions for the Guy Burt Security in May 1 Guy Burt, the owner, invested $75,000 in the firm. Paid 6 months' rent, $3,000. 4 Provided service on account, $1,300. Purchased office supplies on account, $350. 13 Provided service and collected $3,000. 15 Purchased van with $3,000 and signed a note for $20,000. Received $650 of outstanding accounts receivable. Provided services and collected $2,000. Required Set up the following t-accounts: Cash Accounts Receivables Office Supplies, Prepaid Rent Van Accumulated Depreciation, Van Accounts Payable Notes Payable G. Burt, Capital Service Revenue Rent Expense Office Supplies Expense Depreciation Expense, Van ournalize the transactions. ann an ledare and nast the transactions to the