Exercise 4-4 (Algo) Completing work sheet adjustments LO P1 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet. a. Depreciation on equipment, $21 b. Accrued salarles, $24 c. The $30 of unearned revenue has been earned d. Supplies available at December 31, $105 e. Explred Insurance, $33 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net Income. WESTCOTT COMPANY Work Sheet For Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Owner's Equity Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $ 111 Cash Accounts receivable 66 132 54 75 s 51 24 30 186 Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue W. Westcott, Capital W. Westcott, Withdrawals Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Supplies expense Utilities expense Totals 24 255 36 30 528 s 548 $ 0 S 0 $ 0 S 0 0 0 0 0 Net Income Totals $ 0 s 0 s 0 s 0