Jurassic Park Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data.

During February no events occurred that affected these accounts, but at the end of February the following information was available.
(a) Supplies on hand ...... $715
(b) Monthly depreciation .... $257
(c) Accrued interest ...... $ 50

Instructions
Reproduce the data that would appear in the February worksheet, and indicate the amounts that would be shown in the February incomestatement.

Transcribed Image Text:

Jurassic Park Co. Worksheet (partial) For the Month Ended January 31, 2008 Trial Balance Trial Balance Account Title Cr. Dr. Cr. Supplies Accumulated Depreciation Interest Payable Supplies Expense (a) 1,500 1,756 (b) 257 (c) 50 3,256 6,939 150 100 (a) 1,500 (b) 257 (c) 50 1,500 257 50 Interest Expense