The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2015. Each account carries a normal balance.

1. Use the data above to prepare a work sheet. Enter the accounts in proper order and enter their balances in the correct Debit or Credit column.

2. Use the following adjustment information to complete the work sheet.

a. Depreciation on equipment, $3

b. Accrued salaries, $6

c. The $12 of unearned revenue has been earned

d. Supplies available at December 31, 2015, $15

e. Expired insurance, $15

Transcribed Image Text:

Accounts Payable.. $ 6 Prepald Insurance. $18 W. Westcott, Withdrawals. $ 6 Accounts Recelvable. 12 Revenue.. 75 Unearned Revenue. 12 Accumulated Depreclation-Equip. 15 Salarles Expense.. 18 Utilitles Expense. 12 Cash.... 21 Supplies. 24 Equipment 39 W. Westcott, Capital 42 Accounts Payable.. $ 6 Prepald Insurance. $18 W. Westcott, Withdrawals. $ 6 Accounts Recelvable. 12 Revenue.. 75 Unearned Revenue. 12 Accumulated Depreclation-Equip. 15 Salarles Expense.. 18 Utilitles Expense. 12 Cash.... 21 Supplies. 24 Equipment 39 W. Westcott, Capital 42

Answer rating: 100% (QA)

All figures are in WESTCOTT COMPANY Partial Work Sheet For ... View the full answer