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Adjustments and Work Sheet Showing a Net Loss Jason Armstrong started a business called Campus Delivery Service. After the first month of operations, a

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Adjustments and Work Sheet Showing a Net Loss Jason Armstrong started a business called Campus Delivery Service. After the first month of operations, a partial worksheet as of November 30, 20--, is shown. Required: 1. Analyze the following adjustments and enter them on the work sheet. a. Ending inventory of supplies on November 30, $190. b. Unexpired (remaining) insurance as of November 30, $840. c. Depreciation expense on van, $1,000. d. Wages earned but not paid as of November 30, $200. 2. Complete the work sheet. Campus Delivery Service Work Sheet For Month Ended November 30, 20-- Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 960 Accounts Receivable 580 Supplies 560 Prepaid Insurance 1,400 Van 5,000 Accumulated Depreciation - Van Accounts Payable Wages Payable 960 Jason Armstrong, Capital 9,270 Jason Armstrong, Drawing 600 Delivery Fees 2,580 Wages Expense 1,790 Advertising Expense 380 Rent Expense 900 Supplies Expense Phone Expense 210 Insurance Expense Repair Expense 330 100 Oil and Gas Expense Depreciation Expense - Van Net Loss 12,810 12,810

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