1. The trial balance figures for Dennison Delivery Service appear on the following work sheet. Using the additional information below, complete the eight-column work sheet for the fiscal year ended June 30th (this companys year end is June, but still one full year)

Additional Information

1. Late bills:

Miscellaneous Expense $100 Utilities Expense $300

2. The supplies inventory taken on June 30, 20-4, amounted to $800.

3. The Prepaid Licenses account showed unexpired amount of $200.

4. The prepaid insurance showed a total of $400 as unexpired

5. The Building is being depreciated using Straight Line. Expected life is 10 years, residual value is $5 000. Use a full years depreciation and nearest dollar

6. Furniture /Equipment is being depreciated using Declining Balance at 10% with a residual value of $2 000 and an expected life of 5 years. Use a full year and nearest dollar.

7. The truck is being depreciated using Straight Line. Expected life is 5 years, and residual value is $10 000. Use a full year and nearest dollar.

Required:

1. Make the adjustments and complete the worksheet below.

1. The trial balance figures for Dennison Delivery Service appear on the following work sheet. Using the additional information below, complete the eight-column work sheet for the fiscal year ended June 30 (this company's year end is June, but still one full year) Additional Information 1. Late bills: Miscellaneous Expense Utilities Expense $100 $300 2. The supplies inventory taken on June 30, 20-4, amounted to $800 3. The Prepaid Licenses account showed unexpired amount of $300 4. The prepaid insurance showed a total of $400 as unexpired 5. The Building is being depreciated using Straight Line. Expected life is 10 years, residual value is $5 000. Use a full year's depreciation and nearest dollar 6. Femiture Equipment is being depreciated using Declining Balance at 10% with a residual value of $2000 and an expected life of 5 years. Use a full year and nearest dollar. 7. The track is being depreciated using Straight Line Expected life is 5 years, and residual value is $10 000. Use a full year and nearest dollar. Required 1. Make the adjustments and complete the worksheet below. Marcolin Demon Dedham Scrise You Endol line 10.104 BALANCE SHEET Accounts DR Prak Books Pal konve P FINE Teks Pos Dull, Capta Bull, Don Your Che Mcken kph Exp Expe kes pe TRIAL BALANCE DR CR Work Show ADJUSTMENTS INCOME STATEMENT CR DR CR Dennison Delivery Service Accounts Bank Accounts Receivable Supplies Prepaid Insurance Prepaid Licences Land Building Furniture and Equipment Trucks Accounts Payable J. Budd, Capital J. Budd, Drawings Fees Eamed Bank Charges Miscellaneous Expense Telephone Expense Truck Expense Utilities Expense Wages Expense TRIAL BALANCE DR CR 257000 12 419 00 107 400 1 4 0 0 00 1146 00 17000 0 001 50 0 0 0 00 12 9 7 000 48 4 7 2 00 34 1740 114 2 7 368 890000 70 72119 11525 21951 316 25 119 0132 250 600 1740294 188 4 12 27 188 4 12 27 Work Sheet ADJUSTMENTS DR CR Year Ended June 30, 20-4 BALANCE SHEET DR CR INCOME STATEMENT DR CR