7 456 0 INSTRUCTIONS: COMPLETE THE WORKSHEET Adjustments Credit Adjusted Trial Balance Debit Credit 8 9 Trial Balance 10 Debit Credit Debit 11 Cash 400 12 Accounts receivable 100 13 Inventory 700 14 Prepaid insurance 600 15 Equipment 3,000 16 Accumulated depreciation 17 Accounts payable 300 200 18 Common stock 4,000 19 Dividends 400 20 Sales revenue 5,000 21 Sales returns & allowances 200 22 Sales discounts 100 23 Cost of goods sold 2,000 24 Freight-out 100 25 Advertising expense 300 26 Salaries expense 600 27 Rent expense 1,000 28 Totals 9,500 9,500 29 30 31 32 33 Totals 34 Net Income 35 Totals INFORMATION FOR ADJUSTING ENTRIES Balance Sheet Credit Debit Credit March sales made but not yet billed Insurance expired during the month Depreciation expense for the month Salaries earned but not paid for March Actual inventory by physical count 500 50 100 300 200 Income Statement Debit