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2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a Depreciation on equipment 57 Accrued salaries $10 c. The
2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a Depreciation on equipment 57 Accrued salaries $10 c. The $16 of uneared revenue has been earned d. Supplies available at December 31, $35 . Expired insurance, $19 3. Extend the balances in the Adjusted Thal Balance columns of the work sheet to the proper financial statement columns. Compute otals for those columns including net income. WESTCOTT COMPANY Partial Work Sheet For the year ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Title Cr. Dr. Cr. Dr. Cr. $ its receivable s insurance Dr. 41 24 48 26 47 $ mat 23 apreciation ---Equip Payable yable 10 venue 16 Capital Withdrawals 74 14 115 pense-Equip e 22 se enabled to totals for those columns including net income WESTCOTT COMPANY Almente Balance Dr CE DI Account $ 41 24 48 26 47 5 23 10 18 74 14 115 Accounts receivable Supplies Prepaid insurance Equipment Accum depreciation Equip Accounts payable Salaries payable Uneamed revenue w Westcott Capital w. Westcott, Withdrawals Revenue Depreciation expense-Equip Salaries expense Insurance expense Supplies expense Utilities expense Totals et income Potas 22 O 0 0$ ol Os 0 $ 16 238 $ 238 s os $ $ 0 $ 3 of 25 Next > BI:
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