The trial balance of Dan-Dee Cleaners at December 31, the end P.O. 3,5 of the current year, is presented on the next page.

Data needed for year-end adjustments are as follows:

a. Inventory of cleaning supplies at December 31, $943.

b. Insurance expired during the year, $242.

c. Depreciation of furniture and equipment, $1,720.

d. Wages accrued at December 31, $126.

Instructions 1. Complete the work sheet.
2. Journalize the adjusting entries.

Transcribed Image Text:

Cash Dan-Dee Cleaners Trial Balance December 31, 19- ACCOUNT NAME Cleaning Supplies Prepaid Insurance Furniture and Equipment Accumulated Depreciation, Furniture and Equipment Accounts Payable L. Manley, Capital L. Manley, Drawing Income from Services Wages Expense Rent Expense Utilities Expense Advertising Expense Miscellaneous Expense DEBIT 246200 291300 46800 CREDIT 3282400 19 760 00 329 00 24378 00 926000 298 17 00 2040000 360000 157000 42900 35800 7428400 74284 00