Question: Help! I'm stuck. The first image is the question, the 2nd image is what I have so far. I am so beyond frustrated. Thanks. 79.
Help! I'm stuck. The first image is the question, the 2nd image is what I have so far. I am so beyond frustrated. Thanks.


79. The trial balance and information for year-end adjustments for Litton Company are as follows: Litton Company Trial Balance December 31, 20- Account Title Debit Credit Cash 19,780 Accounts Receivable 5,500 Supplies 1,500 Prepaid Insurance 2,400 Equipment 30,200 Accumulated Depreciation Equipment 5,000 Accounts Payable 5,520 Wages Payable Litton, Capital 44,000 Litton, Drawing 4,000 20,000 Service Fees Wages Expense 10,000 900 Rent Expense Supplies Expense 240 Utilities Expense Insurance Expense Depreciation Expense-Equipment 74.520 74.520 a. Ending inventory of supplies is $800 at December 31, 20- b. Unexpired insurance as of year-end is $600. c. Depreciation of equipment is $5,000. d. Wages earned but not paid as of year-end are $1,700. Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter), and complete the work sheet. Page 28 Utton Company Worksheet Account Title Trial Balance Adjustments Adjusted Trial Balance come Statement Balance sheet Debit 19,780 Credit Debit Credit Debit Credit Debit Debih Credit 5 5.500 1,500 2,400 30,200 5,000 5,520 COD 44,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accum Depr. Equ Accounts Payable Wages Payable Litton, Capital Urton Drawing Service Fees Wages Expense Rent Expense Supplies Expense Utilities Expense Insurance Expens Depr Exp. Equ Totals 4,000 20,000 10,000 900 240 74,520 74,520
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