Exercise $4-3$ Preparing a work sheet LO$1$

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Completing the Accounting Cycle and Classifying Accounts

CHECK FIGURE: $3.$ Adjusted trial balance columns $=$$$358,200$

The December $31,2020,$ unadjusted trial balance for Musical Sensations after its second year of operations follows:

Required

Enter the unadjusted trial balance onto a work sheet.

Jsing the following additional information, enter the adjustments into the work sheet:

a$.$ A review of the Unearned Performance Revenue account revealed a balance remaining of $$9,225.$

Annual depreciation on the musical equipment is $$21,600.$

Accrued salaries at December $31$ totalled $$6,100.$

C$.$ It was determined that $$650$ of the balance in the Office Supplies account had been used.

Complete the work sheet.

Calculate the balance in the capital account as it would appear on the December $31,2020,$ balance sheet.