Complete the worsheet one section at a time, beginning with the Adjustments columns. Enter the adjustments using the corresponding letter references a. through d. For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (If a box is not used in the worksheet, leave the box empty; do enter a zero. Abbreviations used: Acc. = Accumulated; Allow. = Allowances; Depr. = Depreciation; Equip. = Equipment; Exp. = Expense; Stmt. = Statement; TB = Trial Balance.) Jake's Hardware Worksheet For Year Ended December 31, 2018 Trial Balance Adjusted TB Income Stmt. Balance Sheet Adjustments Dr. Cr. Account Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 780 Accounts Receivable 1,227 Merchandise Inventory 655 675 2,120 690 Prepaid Insurance Store Equipment Acc. Depr., Store Equip. Accounts Payable Jake Spool, Capital Sales 540 1,656 11,366 557 Sales Returns and Allow. Sales Discounts 240 5,232 1,724 Cost of Goods Sold Wages Expense Rent Expense Telephone Expense Miscellaneous Expense 812) 142 88 14,252 14,252 Insurance Expense Depr. Exp., Store Equip. Wages Payable Totals Net Income/Loss Totals Hilal From the following trial balance and additional data, complete a worksheet for Jake's Hardware: (Click the icon to view the assumptions.) B.: (Click the icon to view the trial ba Jake's Hardware Trial Balance December 31, 2018 , 6901 Dr. Cr. 5401 Cash 780 Store Equipment 2,120 Acc. Depr., Store Equip. Accounts Payable Jake Spool, Capital Sar Sall Assumptions Sall 1,656 Accounts Receivable 1,227 655 675 2,120 Col Merchandise Inventory Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Jake Spool, Capital Sales 690 wa a. Physical count of inventory on December 31, $670 b. Insurance expired, $130 c. Depreciation expense on store equipment, $45 d. Accrued wages, $80 Rel 540 1,656 Tel 11,366 Mis Sales Returns and Allowances 557 Sales Discounts 240 Ins Print Done Cost of Goods Sold 5,232 De 1,724 wa Wages Expense Rent Expense 812 Totals Net Income/Loss Totals Print Done