Finish the listed sheet

Figure APC-1 is the condensed worksheet for the Ajax Company as of December 31, 2010, Additional Information: Prepaid insurance is for a two-year theft policy dated July 1, 2010. b The ending inventory amounts to $300. The building is being depreciated over a 30-year life, straight-line, no salvage value. d The balance in Unearned Consulting Revenue pertains to a contract sold on September 1, 2010, to provide service to a client for one year. .e Office supplies on hand at year-end amount to $24. At year-end, there are accrued salaries of $50. Repair Service Revenus includes a contract for $120 received on July 1, 2010, for a one- year period of time. The tax rate is 50%. Required: Complete the worksheet, assuming that adjusting entries are made only at December 31, 2010. Trial Balance Debit Credit Answer APC-1 Income Adjustments Statement Debe Credit Debit Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credit Accountles 120 160 Prepaid Insurance 180 180 Inventory, Jan 1 Building 900 260 Accum. Depreciation Other Assets 2,068 Uneamed Consult Rev. 48 Capital Stock 2,300 Ret Earnings, Jan, 1 620 Sales 3,600 Repair Serv. Revenue 800 Office Supp. Expense 120 Salaries Expense 1,800 Purchases 2400 Totals 7.628 7.628 Trial Balance Debit Credit Income Statement Debit Credit Adiustments Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credi Account Titles Debt Insurance Expense Inventory, Dec. 31 ) Depreciation Expense Consulting Revenue Office Supplies Salaries Payable Unearned Repair Serv. Rev Income Tax Expense Income Tax Payable Net Income Retained Earnings, Dec. 31 Figure APC-1 is the condensed worksheet for the Ajax Company as of December 31, 2010, Additional Information: Prepaid insurance is for a two-year theft policy dated July 1, 2010. b The ending inventory amounts to $300. The building is being depreciated over a 30-year life, straight-line, no salvage value. d The balance in Unearned Consulting Revenue pertains to a contract sold on September 1, 2010, to provide service to a client for one year. .e Office supplies on hand at year-end amount to $24. At year-end, there are accrued salaries of $50. Repair Service Revenus includes a contract for $120 received on July 1, 2010, for a one- year period of time. The tax rate is 50%. Required: Complete the worksheet, assuming that adjusting entries are made only at December 31, 2010. Trial Balance Debit Credit Answer APC-1 Income Adjustments Statement Debe Credit Debit Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credit Accountles 120 160 Prepaid Insurance 180 180 Inventory, Jan 1 Building 900 260 Accum. Depreciation Other Assets 2,068 Uneamed Consult Rev. 48 Capital Stock 2,300 Ret Earnings, Jan, 1 620 Sales 3,600 Repair Serv. Revenue 800 Office Supp. Expense 120 Salaries Expense 1,800 Purchases 2400 Totals 7.628 7.628 Trial Balance Debit Credit Income Statement Debit Credit Adiustments Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credi Account Titles Debt Insurance Expense Inventory, Dec. 31 ) Depreciation Expense Consulting Revenue Office Supplies Salaries Payable Unearned Repair Serv. Rev Income Tax Expense Income Tax Payable Net Income Retained Earnings, Dec. 31