Lazy Dog Inc. is a small private company that prepares monthly financial statements from a work sheet. Selected parts of the February work sheet showed the following data:

During February, no events occurred that affected these accounts. At the end of February, the following information is available and relates to the adjustments identified by letter in the work sheet:
1. Supplies on hand, $1,756
2. Monthly depreciation, $257
3. Accrued interest, $50
Instructions
Reproduce the data that would appear in the February work sheet and indicate the amounts that would be shovm in the
February income statement and balance sheet.

Transcribed Image Text:

LAZY DOG INC. Work Sheet (Partial) For the Month Ended February 28, 2014 Adjusted Trial Balance Trial Balance Adjustments Dr Account Titles Dr Cr. Cr Dr Cr 1,500 257 Supplies Accumulated depreciation Interest payable Supplies expense Depreciation expense Interest expense 3,256 1,756 6,682 100 6,939 150 50 1,500 257 50 1,500 257 50