Question: set up exactly like table given 1 You are required to complete the problem shown below. Worksheet (24 points) - Bahamas Enterprises offers ruig cleaning


1 You are required to complete the problem shown below. Worksheet (24 points) - Bahamas Enterprises offers ruig cleaning services to business clients. Below is the trial balance for Bahamas Enterprises, which has been entered into the work sheet for the year ended January 31. REQUIRED: . Enter the adjusting entries in the worksheet and complete the Adjusted Trial Balance columns ONLY (12 points) Adjustment data: The equipment is estimated to last for 5 years with no salvage value. The asset will be depreciated evenly over its useful lite Record one month's depreciation b Accrued wages, $4 Unused supplies on hand, $16. d. of the unearned revenue. 75% has been earned. e. Unexpired insurance remaining at the end of the month, $18. a. C B. Using the Adjusted Trial Balance, calculate the following (12 points): Net income Ending capital balance b. c. Total Assets d. Total liabilities Bahanterice Adjusted Trial Balance Debit Credit Cash Prepaid Insurance Fees Receivable Supplies Equipment Accumulated Depreciation Unearned Revenue Accounts Payable Wages Payable Ruben Ramon, Capital Ruben Ramon, Drawing Service Revenue Advertising Expense Wage Expense Bahamas Enterprises End-of-Period Spreadsheet For the Year Ended January 31 Trial Balance Adjustments Debit Credit Debit Credit 72 24 112 24 120 24 40 64 1 168 81 1601 56 40 Totals 456 456 Business Name Worksheet Period Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Account Name Income Statement Debit Credit Balance Sheet Debit Credit Totals Nancom
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