Exercise 4-4 Preparing unadjusted and adjusted trial balances, including the adjustments LO P1 2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $3 b. Accrued salaries, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Expired insurance, $15 3. 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. Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash $ 21 12 24 18 39 $ 15 6 Accounts receivable Supplies Prepaid insurance Equipment Accum. depreciation Equip Accounts payable Salaries payable Unearned revenue W. Westcott, Capital W. Westcott, Withdrawals Revenue Depreciation expense-Equip 12 42 6 75 Salaries expense 18 Insurance expense Supplies expense Utilities expense 12 Totals $ 150 $ 150 Net income Totals