Question
Complete the worksheet. Use letters a through e to label the five adjustments. The account names and unadjusted trial balance amounts as provided in the
Complete the worksheet. Use letters a through e to label the five adjustments.
The account names and unadjusted trial balance amounts as provided in the question have been entered into the worksheet for you. Finish the partial worksheet by completing the adjustments and adjusted trial balance columns. Complete the Adjustments columns by using the letters a through e to label the five adjustments. (Abbreviation used: Equip. = Equipment.)
| Grayson Production Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Worksheet | ||||||||
| December 31, 2018 | ||||||||
|
| Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||||
| Account Names | Debit | Credit | Debit | Credit | Debit | Credit | ||
| Cash | $2,900 |
|
|
|
|
|
|
|
| Accounts Receivable | 6,200 |
|
|
|
|
|
|
|
| Office Supplies | 1,500 |
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|
|
|
|
|
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| Prepaid Insurance | 1,400 |
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|
|
|
|
|
|
| Equipment | 31,000 |
|
|
|
|
|
|
|
| Accumulated Depreciation-Equip. |
| $8,700 |
|
|
|
|
|
|
| Accounts Payable |
| 3,800 |
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|
|
|
|
|
| Salaries Payable |
|
|
|
|
|
|
|
|
| Common Stock |
| 18,800 |
|
|
|
|
|
|
| Dividends | 32,000 |
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|
|
|
|
|
|
| Service Revenue |
| 75,000 |
|
|
|
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| Depreciation Expense-Equip. |
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|
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| Supplies Expense |
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| Utilities Expense | 4,300 |
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| Salaries Expense | 27,000 |
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|
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|
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| Insurance Expense |
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|
|
|
|
|
| Total | $106,300 | $106,300 |
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