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Adjustment Data Insurance expired, $3 Plumbing supplies on hand, $1 Depreciation Expense, Plumbing Equipment, $1 Salaries owed but not paid to employees, $2 From the

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Adjustment Data

Insurance expired, $3

Plumbing supplies on hand, $1

Depreciation Expense, Plumbing Equipment, $1

Salaries owed but not paid to employees, $2

From the following trial balance and additional data, complete (1) a worksheet, (2) the three financial statements, and ( 3 ) the adjusting journal entries (numbers are intentionaliy small so you can concentrate on the theory). Adjustment Data a. Insurance expired $3 b. Plumbing supplies on hand, $1

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