3 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet a Depreciation on equipment, 57 b. Accrued salaries, $10 c. The $16 of unearned revenue has been earned d. Supplies available at December 31, $35 e. Expired insurance, $19 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. WESTCOTT COMPANY Work Sheet For Year Ended December 31 Unadjusted Trial Balances Adjustments Adjusted Trial Balance Income Statement Account Title Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment $ 41 24 45 20 47 Accumulated depreciation-Equipment $ 23 10 Accounts payable Salaries payable Unearned revenue W Westcott, Capital W. Westcott, Withdraw Services revenue 16 741 14 115 Depreciation expense-Equpment Salaries expense 22 Insurance expense Supplies expense Usides expense 16 Totals S 238 $ 230 Net Income Telah