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1. The insurance expired during the month of January was $750

2. The depreciation of equipment is $2500, the depreciation of the truck is $1,300

4. Wages accrued but not paid during the month was $3,200

5. Supplies used during the month was $1,500

Required:

Record the adjustments above in the work sheet. Make sure the totals on columns 4 and 5 are in balance.

Prepare the adjusted trial balance. Make sure the totals on columns 6 and 7 are in balance.

Prepare all 3 financial statements: Income Statement, Statement of Owner's Equity (aka Retained Earnings Statement), and Balance Sheet. 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92588641
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