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1. Complete a worksheet for Kris's Moving Co. for the month of October. Complete the worsheet one section at a time, beginning with the Adjustments
1. Complete a worksheet for Kris's Moving Co. for the month of October. Complete the worsheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit or credit amount that corresponds to the letter of the adjusting entry (a., b., c., etc.) For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (Leave unused cells blank. Do not enter a "0" for any zero balances. Abbreviations used: Accum. - Accumulated; Dep. = Depreciation.) Kris's Moving Co. Worksheet Month Ended October 31, 201X Trial Balance Adjustments More info Account Titles Dr Cr. Dr Cr Cash 4,000 Prepaid Insurance 2.600 Moving Supplies 1,800 Moving Truck 15.000 a. Insurance expired, $700. b. = C. Accum. Dep., Moving Truck 5.000 Adjustment Data to Update Trial Balance Moving supplies on hand, $1,000. Depreciation on moving truck, $300. d. Wages earned but unpaid, $350. Accounts Payable 2,654 K. Hall, Capital 13,269 K. Hall, Withdrawals Print Done Revenue from Moving 8,700 Wage Expense 3,444 Rent Expense 650 Advertising Expense 29,623 29,623 Data table Totals Insurance Expense Moving Supplies Expense Dep. Expense, Moving Truck Wages Payable Totals Net income Totals Kris's Moving Co. Trial Balance October 31, 201X Account Titles Dr. Cr. Cash 4,000 Prepaid Insurance 2,600 Moving Supplies 1,800 Moving Truck 15,000 Accumulated Depreciation, Moving Truck 5,000 Accounts Payable 2,654 K. Hall, Capital 13,269 K. Hall, Withdrawals 1,500 Revenue from Moving 8,700 Wage Expense 3.444 Rent Expense 650 629 Advertising Expense 29,623 Totals 29,623 Print Done
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