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Brief Exercise 4-02 The ledger of Sunland Company includes the following unadjusted balances: Prepaid Insurance $3,300, Service Revenue $59,900, and Salaries and Wages Expense $25,600.
Brief Exercise 4-02 The ledger of Sunland Company includes the following unadjusted balances: Prepaid Insurance $3,300, Service Revenue $59,900, and Salaries and Wages Expense $25,600. Adjusting entries are required for (a) expired insurance $1,900, (b) services performed $1,500 are billed and not yet collected, and (c) accrued salaries payable $700. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Adjustments Trial Balance Income Statement Balance Sheet Adjusted Trial Balance Cr. Account Titles Dr. Cr. Dr. Cr. Dr. Dr. Cr. Dr. Cr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Click if you would like to Show Work for this question: Open Show Work
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