Update the trial balance for Kents Moving Co. (Figure 4.23 on page 140) for December 31, 201X.

Question:

Update the trial balance for Kent’s Moving Co. (Figure 4.23 on page 140) for December 31, 201X.

Adjustment Data to Update Trial Balance
a. Insurance expired, $200.
b. Moving supplies on hand, $1,100.
c. Depreciation on moving truck, $450.
d. Wages earned but unpaid, $275.
Your task is to:
1. Complete a worksheet for Kent’s Moving Co. for the month of December.
2. Prepare an income statement for December, a statement of owner’s equity for December, and a balance sheet as of December 31, 201X.

Figure 4.23: