The following is a highly simplified list of trial balance accounts and their normal balances for the month ended October 31, 2010, which was the company’s first month of operation: 

1. Prepare a work sheet, entering the trial balance accounts in the order they would normally appear and putting the balances in the correct columns. 

2. Complete the work sheet using the following information: 

a. Expired insurance, $1. 

b. Of the unearned service revenue balance, $2 has been earned by the end of the month. 

c. Estimated depreciation on office equipment, $1. 

d. Accrued wages, $1. 

e. Unused supplies on hand, $1. 

f. Estimated federal income taxes, $1.

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Trial Balance Accounts and Balances $4 Unearned Service Revenue $3 Cash Accounts Receivable Prepaid Insurance Supplies Office Equipment Accumulated Depreciation- Office Equipment 7 Common Stock 2 Retained Earnings 4 Dividends 8 Service Revenue Utilities Expense 1 Wage Expense 23 10 Accounts Payable 4