The adjustments columns of the worksheet for Munoz Company are shown below. _ Prepare adjusting entries Adjustments from a worksheet, and eee HS extend balances to worksheet Account Titles Debit Credit Columns.

Accounts Receivable 600 (LO 1)

Prepaid Insurance 400 Accumulated Depreciation—Equipment 900 Salaries and Wages Payable 500 Service Revenue 600 Salaries and Wages Expense 500 Insurance Expense 400 Depreciation Expense 900 2,400 2,400 Instructions

(a) Prepare the adjusting entries.

(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.
Derive adjusting entries from | _E4-6 Selected worksheet data for Freeman Company are presented below.
worksheet data.
(LO 1) Adjusted Trial Account Titles __Trial Balance _ Balance Dr. Cr. Dr. Cr.
Accounts Receivable ? 34,000 Prepaid Insurance 26,000 18,000 Supplies 7,000 ?
Accumulated Depreciation—Equipment 12,000 ?
Salaries and Wages Payable ? 5,000 Service Revenue 88,000 95,000 Insurance Expense ?
Depreciation Expense 10,000 Supplies Expense 4,700 Salaries and Wages Expense ? 49,000 Instructions

(a) Fill in the missing amounts.

(b) Prepare the adjusting entries that were made.
Prepare closing entries, and