Question: 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

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.

  1. Depreciation on equipment, $10
  2. Accrued salaries, $13
  3. The $19 of unearned revenue has been earned
  4. Supplies available at December 31, $50
  5. Expired insurance, $22

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.

Exercise 4-4 (Algo) Completing work sheet adjustments LO P1 1. Use the

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