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Bradshaw and Associates has the following unadjusted balances at the year-end Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Accounts pavable Salaries payable Unearned
Bradshaw and Associates has the following unadjusted balances at the year-end Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Accounts pavable Salaries payable Unearned revenue Bradshaw, Capital Bradshaw, Drawings Service revenue Salary expense Depreciation expense Supplies expense $1,700 8,500 2,000 100 7,500 2,000 1,200 800 600 3,400 2,300 40,000 24,000 1,600 2,300 The following information is available to use in making adjusting entries Office supplies on hand at year end: $20 Prepaid insurance expired during the year: $325 Service revenue earned but not yet billed at year end: $2,000 Depreciation expense for the year: $240 b. d. e.Accrued salaries at year end: $180 Using the worksheet provided complete the unadjusted trial balance, the adjustments, the adjusted trial balance, the income statement and the balance sheet columns and show the profit or loss for the year
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