Complete this worksheet with the information given below. Then complete a balance sheet. Be sure to total each column! The adjustments are given below the worksheet. You might want to journalize out on a sheet of paper the adjustments before typing them in the worksheet. Adjustments DR Adj. Trial Balance CR Trial Balance Income Statement Balance Sheet DR CR CR DR DR CR DR CR 11,000 2,000 1,000 5,000 Cash AR Supplies Equipment Accum depreciation Automobile Accum depreciation AP Wages Payable Unearned Fees Common Stock Retained Earnings 2.000 15,000 3,000 5,000 2,000 3,000 5,000 5,700 Dividends 1,000 Fees Earned 13,000 Rent Expense Wages Expense Utility Expense Supplies Expense Depreciation Expense Misc. Expense Total 2,000 1,000 500 200 38,700 38,700 Net Income The following adjustments have occurred. Place these on your worksheet. 1. Used $500 of supplies. 2. Earned $5,000 of fees this period, but have not been billed yet 3. Depreciation expense on the equipment is period is $300 4. Wages earned but not paid yet, $2000 5. Earned $1000 of the unearned fees Part 2 Complete the Balance sheet. Be sure to place dollar signs and commas where needed (there is a dollar sign and comma sign on your format tool bar) I have included the ending common stock and ending retained earnings. 25 points (15 points for assets, 10 points for liablities and stockholders' equity) Balance Sheet Assets Current Assets: Prop. Plant and Equip.: SHOW BOOK VALUE IN MIDDLE COLUMN FOR EACH PLANT ASSETS (SEE THE SAMPLE BALANCE SHEET IN CHAPTER 4 NOTES) Total Assets Liabilities Current Liabilities Stockholders' Equity Common Stock Retained Earnings 15,500 6,700 The ending capital and retained earnings is given here. Total Liab. And O.E.