2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $20 b. Accrued salaries, $23 c. The $29 of unearned revenue has been earned d. Supplies available at December 31, $100 e. Expired insurance, $32 3. 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, 3. Extend the balances in the Adjusted ina watance columns of the work sheet to the proper Tinancial statement columns Compute totals for those columns including net income WESTCOTT COMPANY Partial Work Sheet For the year ended December 31 Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr Dr. Ct. 5 106 Unadjusted Trial Balance Dr. Cr. 106 63 126 52 7a $ 100 120 52 $ 49 20 5 50 23 23 29 Account Title Cash Accounts receivable Supplies Prepaid insurance Equipment Accum depreciation-Equip Accounts payable Salaries payable Unearned revenue w Westcon, Capital w Westbott Withdrawals Revenge Depreciation experise-Equip Salas expensie Inexpense Supplies expense is expense Total Net income Totals 29 178 40 245 201 20 20 35 32 29 $ 524 S 205 204 S 440 $ 69 20 0 0 0 S 20 S 0 $ OS 0