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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 of

image text in transcribedimage text in transcribed 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), $325. c. Depreciation on delivery equipment, $1,300. 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. Mason's Delivery Service Work Sheet For Month Ended September 30, 20-- \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Account Title } & \multicolumn{2}{|c|}{ Trial Balance } & \multicolumn{2}{|c|}{ Adjustments } & \multicolumn{2}{|c|}{ Adjusted Trial Balance } & \multicolumn{2}{|c|}{ Income Statement } & \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline & Debit & Credit & Debit & Credit & Debit & Credit & Debit & Credit & Debit & Credit \\ \hline Cash & 1,700 & & & & & & & & & \\ \hline Accounts Receivable & 990 & & & & & & & & & \\ \hline Supplies & 635 & & & & & & & & & \\ \hline Prepaid Insurance & 1,300 & & & & & & & & & \\ \hline Delivery Equipment & 6,500 & & & & & & & & & \\ \hline \multicolumn{11}{|c|}{ Accumulated Depreciation - Delivery Equipment } \\ \hline Accounts Payable & & 1,270 & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Wages Payable } \\ \hline Jill Mason, Capital & & 8,315 & & & & & & & & \\ \hline Jill Mason, Drawing & 1,450 & & & & & & & & & \\ \hline Delivery Fees & & 6,200 & & & & & & & & \\ \hline Wages Expense & 1,450 & & & & & & & & & \\ \hline Advertising Expense & 490 & & & & & & & & & \\ \hline Rent Expense & 850 & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Supplies Expense } \\ \hline Phone Expense & 130 & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Insurance Expense } \\ \hline Repair Expense & 210 & & & & & & & & & \\ \hline Oil and Gas Expense & 80 & & & & & & & & & \\ \hline \multicolumn{11}{|c|}{ Depreciation Expense - Delivery Equipment } \\ \hline & 15,785 & 15,785 & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Net Income } \\ \hline & & & & & & & & & & \\ \hline \end{tabular}

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