PREPARATION OF A WORKSHEET. Unadjusted account balances at December 31, 19x2, for Rapisarda Company are: lol

The following data are not yet recorded:

a) Depreciation on equipment. Expected life is 8 years; residual value is $11,000.

b) Unrecorded wages owed at December 31, 19x2: $2,000.

c) Prepaid rent at December 31, 19x2: $10,000.

d) Income tax rate: 30%.
REQUIRED:
Prepare a completed worksheet for Rapisarda Company.

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ACCOUNT Cash Accounts receivable. Prepaid rent Equipment Accumulated depreciation, equipment Other assets Accounts payable Note payable (due in 10 years) Capital stock Retained earnings, 12/31/x1 Service revenue Rent expense Wages expense Interest expense Totals DEBIT $ 2,000 33,000 CREDIT 26,000 211,000 $ 75,000 24,000 12,000 40,000 100,000 11,000 243,000 84,000 97,000 4,000 $481,000 $481,000