Questions, Classroom Demonstration Exercises, Exercises, and Problems P4-2B. Given the following trial balance and adjustment data for The Debbie Rose Art Studio of Richmond, your task is to prepare a worksheet for the month of November, the first month of operations in a new fiscal year. THE DEBBIE ROSE ART STUDIO TRIAL BALANCE NOVEMBER 30, 2021 Cr. Dr. 3/81300 2 8 2 000 8 5 000 92100 5 98 500 Cash Accounts Receivable Prepaid Rent Painting Supplies Studio Equipment Accumulated Depreciation, Studio Equipment Accounts Payable Debbie Rose Allen, Capital Painting Revenue Advertising Expense Utilities Expense Wages Expense Totals 1 22 500 1 788.00 582 800 781600 51000 2 2 800 2 2 50 00 17/42 7100 17 427 00 Adjustment Data a. Painting supplies on hand, $595. b. Prepaid rent represents the first and last months' rent on a new office lease signed November 1, 2018. c. Depreciation on studio equipment is based on straight-line, five-year life and a residual value of $480. d. Wages earned but unpaid amounted to 24.5 hours at $10 per hour