2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $3 b. Accrued salaries, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Expired insurance, $15 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income. WESTCOTT COMPANY Partial Work Sheet For the year ended December 31 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Income Statement Balance Sheet Account Title Cr. Dr. Cr. Dr. Dr. Cr. Cash 21 21 21 S Accounts receivable 12 12 12 15 Supplies 24 Prepaid insurance Equipment Accum. depreciation-Equip Accounts payable 3 18 39 39 18 $ 15 3 6 6 Salaries payable 6 6 Unearned revenue 12 Common stock 10 Retained earnings 32 6 Dividends Revenue 87 75 12 Depreciation expense-Equip 3 3 24 Salaries expense 18 6 Insurance expense 15 15 Supplies expense 9 9 Utilities expense 12 12 12 21 $ 159 $ Totals 150 $ 33 $ 150 117 12 C 33 6 Net income 12 $ 33 6 Totals

Consider the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Fixed Assets Accumulated Depreciation Prepaid Rent Unearned Revenue A. B. C. Debit $123,000 8,900 18,300 A. Depreciation on fixed assets, $8,900 B. Unexpired prepaid rent, $12,700 C. Remaining balance of unearned revenue, $565 Prepare adjusting journal entries, as needed. If an amount box does not require an entry, leave it blank. 24,300 X Credit 565 X $24,300 3,700 8,900 12,700 X

a On December 1, $11,650 was received for a service contract to be performed from December 1 through April 30. b Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31.     Required:   Record journal entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS   General Ledger   ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Office Building 17 Accumulated Depreciation-Office Building   LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Fees 24 Wages Payable 25 Interest Payable   EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends   REVENUE 41 Fees Earned   EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Interest Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation…

Journalize the necessary year-end adjusting entries based on the following account balances before adjustments.

Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. amount due for employee salaries, $4,800 actual count of supplies inventory, $ 2,300 depreciation on equipment, $3,000

At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $25,500 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $5,100. Required: 1. Prepare the adjusting journal entry on December 31. 2. Post the beginning balances and adjusting entries to the following T-accounts. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Post the beginning balances and adjusting entries to the following T-accounts. Accumulated Depreciation Beginning Balance Debit Ending Balance Credit Answer is not complete. 5,100 5,100 Beginning Balance Debit Ending Balance Credit

The worksheet for Gibler Rental Company appears below. Using the adjustment data below, complete the worksheet. Add any accounts that are necessary.  Adjustment data:  a) Prepaid rent expired during August,$2 b) Depreciation expense on equipmemt for the month of August ,$8 c) Supplies on hand on August 31 amounted $6 d)Salaries and wages expense incurred at August 31 but not yet paid amount to $10.

I need help with: ·      Entering adjustments on the spreadsheet provided. ·      Using the new and adjusted totals, calculate the totals on the financial statements in the spaces provided.