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Class Illustration Greenfield Security Services Company offers security services to business clients. The unadjusted trial balance for Greenfield Security Services Company has been prepared
Class Illustration Greenfield Security Services Company offers security services to business clients. The unadjusted trial balance for Greenfield Security Services Company has been prepared on the end-of-period spreadsheet for the year ended December 31, 2020, show below. Greenfield Security Services Unadjusted Trial Balance For the Year Ended December 31, 2020 Cash Account Receivable Supplies Prepaid Insurance Dr (S) 80 12 2212 12 Cr (S) Equipment Accumulated depreciation - equipment Land Accounts Payable Wages Payable Alex Greenfield, Capital 40 4 100 36 170 you Alex Greenfield, Withdrawals 00 8 Fees Earned 90 Wages Expense Rent Expense Insurance Expense Utilities Expense Depreciation Expense Supplies Expense Miscellaneous Expense 22060028 12 300 300 You are required to: 1. Enter the unadjusted trial balance into a worksheet. 2. Using the following additional information, enter the adjustments into the worksheet. a) Fees earned, but not yet billed, $9. b) Supplies on hand, $3. c) Insurance premiums expired, $8. d) Depreciation expense of equipment, $4. e) Wages accrued, but not paid, $1. 3. Joumalize the entries from 2a) to 2e). 4. Prepare the Income Statement, Changes of Owner's Equity and Balance Sheet of Greenfield Security Services as it would appear on December 31, 2020.
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