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Adjustments and Work Sheet Showing Net Income Complete the adjustments for the trial balance after one month of operation for Mason's Delivery Service as
Adjustments and Work Sheet Showing Net Income Complete the adjustments for the trial balance after one month of operation for Mason's Delivery Service as of September 30, 20--. a. Supplies inventory as of September 30, $90. b. Insurance expired (used), $300. c. Depreciation on delivery equipment, $1,260. d. Wages earned by employees but not paid as of September 30, $330. Required: 1. Enter the adjustments in the Adjustments columns of the work sheet. 2. Complete the work sheet. Cash Accounts Receivable Supplies Prepaid Insurance Mason's Delivery Service Work Sheet For Month Ended September 30, 20-- Balance Sheet Trial Balance Adjustments Account Title Debit Credit Debit Credit Adjusted Trial Balance Debit Income Statement Credit Debit Credit Debit 1,700 910 630 1,200 6,300 Delivery Equipment Accumulated Depreciation - Delivery Equipment Accounts Payable Wages Payable Jill Mason, Capital Jill Mason, Drawing Delivery Fees Wages Expense 1,190 8,150 1,450 6,200 1,550 Credit Advertising Expense 490 Rent Expense 800 Supplies Expense Phone Expense Insurance Expense Repair Expense Oil and Gas Expense Depreciation Expense Delivery Equipment Net Income 170 240 100 15,540 15,540
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