Update the trial balance for Kreg?s Moving Co. (Figure 4.27 on page 137) for October 31, 201X.

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Update the trial balance for Kreg?s Moving Co. (Figure 4.27 on page 137) for October 31, 201X.

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Adjustment Data to Update Trial Balance

1. Insurance expired, $550.

2. Moving supplies on hand, $800.

3. Depreciation on moving truck, $550.

4. Wages earned but unpaid, $300.

Your task is to:

1. Complete a worksheet for Kreg?s Moving Co. for the month of October.

2. Prepare an income statement for October, a statement of owner?s equity for October, and a balance sheet as of October 31, 201X.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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