Kristi Williams offers family counseling services specializing in financial and marital problems. A chart of accounts and a trial balance taken on December 31, 20--, follow.

Information for year-end adjustments is as follows:
(a) Office supplies on hand at year-end amounted to $100.
(b) On January 1, 20--, Williams purchased office equipment that cost $18,000. It has an expected useful life of 10 years and no salvage value.
(c) On July 1, 20--, Williams purchased computer equipment costing $6,000. It has an expected useful life of three years and no salvage value. Assume that Williams computes depreciation to the nearest full month.
(d) On December 1, 20--, Williams paid a premium of $600 for a six-month insurance policy.
REQUIRED
1. Prepare the work sheet for the year ended December 31, 20--.
2. Prepare adjusting entries in a generaljournal.

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KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets Revenue Client Fees 101 Cash Office Supplies Prepaid Insurance Office Equipment Accumulated Depr.- Office Equipment Computer Equipment Accumulated Depr. Computer Equipment 401 142 145 Expenses Wages Expense 181 511 521 181.1 Rent Expense Office Supplies Expense Utilities Expense Insurance Expense Depr. Expense- Office Equipment Depr. Expense- Computer Equipment Miscellaneous Expense 523 187 533 187,1 535 541 Liabilities 201 Notes Payable 542 Accounts Payable 202 549 Owner's Equity Kristi Williams, Capital Kristi Williams, Drawing 311 312 Kristi Williams Family Counseling Services Trial Balance December 31, 20 -- ACCOUNT ACCOUNT TLE DEBIT BALANCE CREDIT BALANCE NO. 8730 00 |기001 00 6 00 00 18 000 00 6 0 00 00 Cash 101 Office Supplies Prepaid Insurance Office Equipment Computer Equipment Notes Payable Accounts Payable Kristi Williams, Capital Kristi Williams, Drawing Client Fees Wages Expense Rent Expense 142 145 181 187 8 0 00 00 50 0 00 11 4 00 00 201 202 311 3000 00 312 35 8 0 0 00 401 9500 00 6 0 00 00 2| 1| 기0| 00 1000 00 55| 기 01 0 00 511 521 533 Utilities Expense Miscelleneous Expense 549 55 700 00