The trial balance of Casandra’s Style Center as of December 31, the end of the current year, is presented below.

Data for the year-end adjustments are as follows:

a. Inventory of beauty supplies at December 31, $728.

b. Insurance expired during the year, $142.

c. Depreciation of shop equipment for the year, $9,680.

Instructions 1. Complete the work sheet.

2. Journalize the adjusting entries

Transcribed Image Text:

Casandra's Style Center Trial Balance December 31, 19- ACCOUNT NAME Cash Beauty Supplies Prepaid Insurance Shop Equipment Accumulated Depreciation, Shop Equipment Accounts Payable C. Granger, Capital C. Granger, Drawing Income from Services Wages Expense Rent Expense Utilities Expense Telephone Expense Miscellaneous Expense DEBIT CREDIT 132000 316200 32800 3879000 17640 00 52600 25144 00 1160000 247 14 00 960000 240000 51800 12000 18600 680 2400 6802400