The worksheet of Morton Consulting Services follows but is incomplete.

Requirements 

1. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns.
2. Describe each adjusting entry. For example, a. Prepaid rent expires, \($1,250\).

Transcribed Image Text:

A B D E F G 1 2 3 4 5 MORTON CONSULTING SERVICES Worksheet December 31, 2025 Unadjusted Trial Balance Account Names 6 7 Cash Debit $ 25,400 Credit Adjustments Debit Credit Debit Adjusted Trial Balance Credit 8 Accounts Receivable 6,500 (h) $ 2,000 9 Supplies 430 (b) $ 170 10 Prepaid Rent 2,500 (a) 1,250 11 Equipment 65,000 12 Accumulated Depreciation-Equipment (c) 1,000 13 Trucks 90,000 14 Accumulated Depreciation-Trucks (d) 1,500 15 Accounts Payable 16 Utilities Payable 17 Salaries Payable 18 Interest Payable 19 Unearned Revenue $ 4,600 500 93 (f) 7,300 (g) 100 3,600 (e) 2,400 20 Notes Payable 35,000 21 Morton, Capital 120,680 22 Morton, Withdrawals 15,000 23 Service Revenue 80,500 Ke, h 4,400 24 Rent Expense 25 Salaries Expense 10,500 (a) 1,250 24,150 (f) 7,300 26 Supplies Expense 27 Utilities Expense 29 Depreciation Expense-Trucks 30 Interest Expense (b) 170 5,400 28 Depreciation Expense-Equipment (c) 1,000 (d) 1,500 (g) 100 31 Total 32 $244,880 $ 244,880 $ 15,720 $ 15,720