Update the trial balance for Huggins Moving Co. (Figure 4.23) for July 31, 202X. Adjustment Data to

Question:

Update the trial balance for Huggin’s Moving Co. (Figure 4.23) for July 31, 202X.
Adjustment Data to Update Trial Balance
A. Insurance expired, $700.
B. Moving supplies on hand, $1,400.
C. Depreciation on moving truck, $500.
D. Wages earned but unpaid, $320.
Your task is to:
1. Complete a worksheet for Huggin’s Moving Co. for the month of July.
2. Prepare an income statement for July, a statement of owner’s equity for July, nd a balance sheet as of July 31, 202X.