Question: Problem 2-Completing the Worksheet The following worksheet is from the accounting records of Clear Water Services. The trial balance columns are completed, but the
Problem 2-Completing the Worksheet The following worksheet is from the accounting records of Clear Water Services. The trial balance columns are completed, but the rest of the work sheet is incomplete. Based on the following adjustment data, complete the worksheet. a. Supplies on hand, $1,100 1 b. Insurance expired $1,000 c. Equipment depreciation $2,000 d. Unpaid wages $1,500 Clear Water Services Worksheet For the Month Ended December 31, 200X Adjusted Trial Balance Account Trial Balance Adjustments Titles Dr. Cr. Dr. Cr Dr Cash 5,200 Accounts receivable 7,100 Prepaid insurance. 12,000 Supplies 1,800 Equipment 10,000 Accumulated depreciation Accounts payable 4,000 6,100 Salaries payable Jones, capital 16,300 Jones, drawing 3,000 Service revenue 20,700 Depreciation expense 0 Insurance expense 0 Rent expense 2,000 Supplies expense Wage expense 6,000 Subtotals 47.100 47,100 Net income Final totals Income Statement Balance Sheet Cr. Dr. Cr. Dr. Cr.
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