Adjustments:

1. The insurance expired during the month of January was $750

2. The depreciation of equipment is $2500, the depreciation of the truck is $1,300

4. Wages accrued but not paid during the month was $3,200

5. Supplies used during the month was $1,500

Required:

• Record the adjustments above in the work sheet. Make sure the totals on columns 4 and 5 are in balance.
• Prepare the adjusted trial balance. Make sure the totals on columns 6 and 7 are in balance.
• Prepareall3financialstatements:IncomeStatement,StatementofOwner?sEquity(akaRetainedEarningsStatement),andBalanceSheet.
• I attached the question and the directions for the question are written

1. Use the worksheet below to answer this question. You may copy the worksheet to an Excel document, and do the ca Unadjusted Adjustments Adjusted Trial Balance Trial Balance Columns: 2 3 4 5 6 7 Debit (DR) Credit (CR)DR Cash 48,450 Supplies 6,900 Prepaid In 9,000 Prepaid Re 60,000 Equipment 10,000 Acc .Dep - equipment Truck 50,000 Acc .Dep - Truck Acc.Payable 12,400 Wages Payable Note Payable 35,000 Capital 100,000 Drawing 2,000 Revenues 67,000 Wages Exp 20,700 Repair exp 850 Supplies Expense Insurance Expense Adv Expen 2,000 Utilities E 1,000 Rent Expen 3,500 Dep. Expense, Truck Dep.Expense,Equipments Total 214,400 214,400 CR DR CR document, and do the calculation on the spreadsheet if your prefer