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Completing the Accounting Cycle 239 Problems (Group A) P4-24A 0 Preparing a worksheet and the financial statements [40-50 min] The trial balance and adjustment data
Completing the Accounting Cycle 239 Problems (Group A) P4-24A 0 Preparing a worksheet and the financial statements [40-50 min] The trial balance and adjustment data of Mylas Motors, Inc., at November 30, 2012, follow: My Accountinglab MYLA'S MOTORS, INC. Trial Balance November 30, 2012 Balance Account Debit Credit Cash $ 4,300 Accounts receivable 26,600 Supplies 500 Prepaid insurance 1,700 Equipment 53,500 Accumulated depreciation $36,400 Accounts payable 13,400 Wages payable Unearned service revenue 8,000 Common stock 6,000 Retained earnings 13,700 Dividends 3,800 Service revenue 16,000 1,600 Depreciation expense Wage expense Insurance expense Utilities expense Supplies expense Total 1,500 $93,500 $93,500 Additional data at November 30, 2012: a. Depreciation on equipment, $1,100. b. Accrued wage expense, $600. c. Supplies on hand, $200. d. Prepaid insurance expired during November, $200. e. Unearned service revenue earned during November, $4,000. f. Accrued service revenue, $800. Requirements 1. Complete Myla's worksheet for November. Key adjusting entries by letter. 2. Prepare the income statement, the statement of retained earnings, and the classi- fied balance sheet in account form for the month ended November 30, 2012. in
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