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FA 5 (LO 1) The adjustments columns of the worksheet for Misra Company are shown below. Prepare adjusting entries from worksheet, and extend balances worksheer

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FA 5 (LO 1) The adjustments columns of the worksheet for Misra Company are shown below. Prepare adjusting entries from worksheet, and extend balances worksheer columns Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense Adjustments Debit Credit 1.100 300 900 500 1.100 500 300 900 2,800 2,800 4-40 CHAPTER 4 Completing the Accounting Cycle Instructions a. Prepare the adjusting entries. b. Assuming the adiusted trial balance amount for each account is normal, indicate the financial state ment column to which each balance should be extended

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