Exercise 4-4 Completing a work sheet LO P1

1. & 2. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the work sheet following adjustment. (Enter their balances in the correct Debit or Credit column.)

Use the following adjustment information to complete the work sheet.

a.Depreciation on equipment, $3

b.Accrued salaries, $6

c.The $12 of unearned revenue has been earned

d.Supplies available at December 31, 2017, $15

e.Expired insurance, $15

WESTCOTT COMPANY Partial Work Sheet For the year ended December 31, 2017 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Cash Acco Supplies repaid insurance Equipment Accumulated depreciation-Equip Accounts payable Salaries pavable Unearned revenue W. Westcott, Capital W Westcott, Withdrawals Revenue Depreciation expense-Equip Salaries expense Insurance expense Supplies expense Utilities expense Totals 21 21 12 24 18 39 unts receivable 12 15 12 42 75 18 12 150 150$ 33 S