Question: Please fill this out and if you can explain how it's done Entries and the Work Sheet Done: View Topic 9.2 - Adjusting Entries and

Please fill this out and if you can explain how it's done

Please fill this out and if you can explain how
Entries and the Work Sheet Done: View Topic 9.2 - Adjusting Entries and the Work Sheet Activity 2 Complete the worksheet with adjustments. Use the following information: . Year end is December 31 . A physical count revealed that all of the supplies had been used up during the year. . The insurance policy was purchased on Dec1 of this year. It is a two-year insurance policy. . The hydro bill arrived on January 5 for December for $90 Unit 9 Activity 2 Trial Balance Adjustments Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit Debit Credit Bank 516.2 Accounts Receivable 9,255.5 Office Supplies 1,525 Prepaid Insurance 10,356 Automobiles 9,255.65 Professional Library 5,363.25 Accounts Payable 2,618.25 GST Payable 650 GST Recoverable 410 Ying Lo, Capital 34,024.81 Ying Lo, Drawings 20,000 Fees Earned 55,285 Car Expense ,592.36 Utitlites Expense 589.25 Miscellaneous Expense 1,254.85 Rent Expense 7,200 Salaries Expense 9.235 Telephone Expense 3.025 $92,578.06 $92,578.06 Supplies Expense .. Insurance Expense ** Hydro Expense .* Open in... - + 16

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