Problem 4-5A LO 3, 4, 5 CLGL The trial balance for Benner Hair Salon on March 31 is as follows: Benner Hair Salon Trial Balance March 31, 20 Account Name Debit Credit Cash 4,440 Supplies Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable A. Benner, Capital 150 2,354 10,507 1,000 240 13,449 A. Benner, Drawing Salon Fees Wages Expense Rent Expense Utilities Expense Repair Expense 1,500 6,230 1,036 650 130 65 Miscellaneous Expense 87 20,919 20,919 + Data for month-end adjustments are as follows: 1. Expired or used-up insurance, $300. 2. Depreciation expense on equipment, $500. 3. Wages accrued or earned since the last payday, $235 (owed and to be paid on the next payday). 4. Supplies remaining at the end of the month, $65. Required 2. Complete a work sheet for the month. (Skip this step if using CLGL.) 3. Journalize the adjusting entries. 4. Prepare an income statement, a statement of owner's equity, and a balance sheet. Assume that no additional investments were made during March. Rationale Check Figure Net Income, $3,142 ||