(Answered) Exercise - the adjustments columns of the worksheet for

Accounting

Exercise - The adjustments columns of the worksheet for Munoz Company are shown below.

Adjustments

Account Titles Debit Credit

Accounts Receivable 600

Prepaid Insurance 400

Accumulated Depreciation-Equipment 900

Salaries and Wages Payable 500

Service Revenue 600

Salaries and Wages Expense 500

Insurance Expense 400

Depreciation Expense 900

2,400 2,400

(a) Prepare adjusting entries in order presented in the problem.

(b) Indicate with an "X" the financial statement column to which each balance should be extended.

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