Help Save & Exit Submit Required: 1-3. Use the above information to complete the work sheet. MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Stateme of Changes in Equity Account Debit Credit Debit Credit Debit Cash Credit Debit Credit Debit $ Credit 7 800 14 500 820 128.000 21.900 4 500 12 700 157 630 Accounts receivable Office supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Unearned performance revenue Jim Daley capital Jim Daley withdrawals Performance revenue Salanes expense Travelling expense Totals Depreciation expense musical equipment Salanes payable 52 300 141 000 89.000 45 310 337 730$ $ 357 7:30 + Prey 2 of 3 Next > Sensations after its second year of operatio MUSICAL SENSATIONS Work Sheet December 31, 2020 Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Unadjusted Trial Balance Debit Credit $ 7,800 14,500 820 128,000 $ 21,900 4,500 12,700 157,630 52,300 141,000 89,000 45,310 $337,730 $337,730 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,375. b. Annual depreciation on the musical equipment is $21.900. c. Accrued salaries at December 31 totalled $6,400. d. It was determined that $665 of the balance in the Office Supplies account had been used. activity/question group/kEZASSBKEPs3b9RON Saved Account Help Save & Exit Submit Debit Cash Credit Debit Credit $ Debit Credit Debit Credit 7 800 14.500 820 128,000 21,900 4,500 12,700 157 630 Accounts receivable Office supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley withdrawals Performance revenue Salaries expense Travelling expense Totals Depreciation expense musical equipment Salaries payable Office supplies expense Totals 52,300 141,000 89.000 45.310 337 730 S 337 730 $ $ 10 S 0 $ 0 S 0 $ 0 S 0 $ os Totals $ OS 0 S 0S Help Save & Exit Submit Required: 1-3. Use the above information to complete the work sheet. MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Stateme of Changes in Equity Account Debit Credit Debit Credit Debit Cash Credit Debit Credit Debit $ Credit 7 800 14 500 820 128.000 21.900 4 500 12 700 157 630 Accounts receivable Office supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Unearned performance revenue Jim Daley capital Jim Daley withdrawals Performance revenue Salanes expense Travelling expense Totals Depreciation expense musical equipment Salanes payable 52 300 141 000 89.000 45 310 337 730$ $ 357 7:30 + Prey 2 of 3 Next > Sensations after its second year of operatio MUSICAL SENSATIONS Work Sheet December 31, 2020 Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Unadjusted Trial Balance Debit Credit $ 7,800 14,500 820 128,000 $ 21,900 4,500 12,700 157,630 52,300 141,000 89,000 45,310 $337,730 $337,730 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,375. b. Annual depreciation on the musical equipment is $21.900. c. Accrued salaries at December 31 totalled $6,400. d. It was determined that $665 of the balance in the Office Supplies account had been used. activity/question group/kEZASSBKEPs3b9RON Saved Account Help Save & Exit Submit Debit Cash Credit Debit Credit $ Debit Credit Debit Credit 7 800 14.500 820 128,000 21,900 4,500 12,700 157 630 Accounts receivable Office supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley withdrawals Performance revenue Salaries expense Travelling expense Totals Depreciation expense musical equipment Salaries payable Office supplies expense Totals 52,300 141,000 89.000 45.310 337 730 S 337 730 $ $ 10 S 0 $ 0 S 0 $ 0 S 0 $ os Totals $ OS 0 S 0S