1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet. a. Depreciation on equipment, $8 b. Accrued salaries, $11 c. The $17 of unearned revenue has been earned d. Supplies available at December 31, $40 e. Expired insurance, $20 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net income. Account Title Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue W Westcott, Capital W Westcott, Withdrawals Services revenue Depreciation expense Equipment Salaries expense Insurance expense Supplies expense IItilities exnense Unadjusted Trial Balance $ Debit 46 27 54 28 49 16 23 17 $ Credit 25 11 17 82 125 WESTCOTT COMPANY Work Sheet For Year Ended December 31 Adjustments Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debi Credit Balance Sheet and Statement of Owner's Equity Debit Credit

1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet a. Depreciation on equipment, $8 b. Accrued salaries, $11 c. The $17 of uneamed revenue has been easned d Suppties avaliable at December 3t, $40 e. Expired insurance, $20 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns Compute totals for those columns, including net income