The unadjusted trial balance and adjustment data for Edge Sports Repair Shop are presented in P4-4B.

Instructions
Prepare a work sheet for the year ended September 30, 2017.
Taking It Further
Is it still necessary to record the adjusting entries in the journal and post them to the ledger accounts?

Transcribed Image Text:

EDGE SPORTS REPAIR SHOP Trial Balance September 30, 2017 Debit Credit Cash Accounts receivable Prepaid insurance Supplies Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Mortgage payable R. $ 6,750 11,540 4,140 3,780 55,000 100,000 S 19,150 40,000 11,500 8,850 3,300 125,000 60,000 Brachman, capital R. Brachman, drawings Service revenue Interest expense Salaries expense Utilities expense 103,525 189,250 6,302 75,900 10,113 $417,050 $417,050