The accountant for E-Z Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances
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E-Z Laundry Trial Balance July 31, 2012 Unadlusted Adjusted Debit Credit Balances Balances Debit Credit Balances Balances Accounts Receivable Laundry Supplies. Prepaid Insurance* Laundry Equipment 18,250 3,750 5,200 190,000 7,500 22,000 5,500 1,400 184,000 . 48,000 Accounts Payable Wages Payable Myrma Lundy, Capital. Myrna Lundy, Drawing.. 9,600 110,300 182,100 48,000 9,600 1,200 110,300 . 28,775 28,775 182,100 Wages Expense... Rent Expense 49,200 . 25,575 49,200 25,575 18,500 6,000 1,750 800 3,250 Depreciation Expense Insurance Expense Miscellaneous Expense 3,250 350,000 350,000 354,250 351,200 3,900 of insurance expired during the year.
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