Adjusting entries (Accounting Worksheet) (10 marks) The Unadjusted Trial Balance for Zappo Vehicles for the month ended 31 March 2018 is presented in the Worksheet provided. Additional Information: 1. The vehicle of $75,000 has a useful life of 8 years and a scrap value of $3,000. No depreciation has been recorded since 31 Dec 2017. 2. The supplies on hand at 31 March 2018 is $ 5000 3. Annual insurance premium of $1,500 was paid on 1 January 2018. 4. The business has 3 casual employees each of who earns $300 per day. All three of them worked the last 2 days in March 2018 and have not yet been paid. 5. Service of $6,500 was provided by the business but no entry has been made and no payment has been received as yet. Adjustments Debit Credit Zappo Vehicles Worksheet For the year ended 31 March 2018 Unadjusted Trial Balance Account title Debit Credit Cash at bank 90,000 Accounts receivable 220,000 Supplies 6,500 Prepaid insurance 1,500 Vehicle 75,000 Accumulated depreciation - 10,000 Vehicle Accounts payable 3,600 Unearned revenue 2,400 Bank loan 55,000 Capital 235,900 Service revenue 285,000 Rent expense 40,000 Insurance expense 3,500 2,000 Supplies expense Interest expense Wages expense 3,400 150,000 TOTAL 591,900 591,900