The December 31, 2014, unadjusted trial balance for Musical Sensations after its second year of opera­tions follows:

Required
1. Enter the unadjusted trial balance onto a work sheet.
2. Using the following additional information, enter the adjustments into the work sheet:
a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,225.
b. Annual depreciation on the musical equipment is $21,600.
c. Accrued salaries at December 31 totaled $6,100.
d. It was determined that $650 of the balance in the Office Supplies account had been used.
3. Complete the work sheet.
4. Calculate the balance in the capital account as it would appear on the December 31, 2014, balance sheet.

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Musical Sensations Work Sheet.xls Home Insert Page Layout Formulas DataReview ew P18 Musical Sensatlons Work Sheet December 31, 2014 Unadjusted Trial Balance Account Debit Credit 7 Cash 8 Accounts receivable 9 Office supplies 10 Musical equipment 11 Accumulated depreciation, musical S 7,500 14,200 790 125,000 21,600 equipment 2 Accounts payable 13 Unearned performance revenue 14 Jim Daley, capital 15 Jim Daley, withdrawals 16 Performance revenue 17 Salaries expense 18 Travelling expense 19 Totals 4,200 12,400 154,300 52,000 138,000 86,000 45,010 S 330,500 S 330,500