1. Following are the adjustment data for Bruno Company:

   a-b.	Merchandise inventory (ending), $1,045.
   c.	Professional fees earned, $32,100.
   d.	Supplies inventory (on hand), $1,415.
   e.	Insurance expired, $750.
   f.	Depreciation of office equipment, $300.
   g.	Wages accrued, $630.

   Record these data in the Adjustments column of the following work sheet.

   If an amount is zero, enter "0".

   Bruno Company Worksheet
   	TRIAL BALANCE		ADJUSTMENTS
   ACCOUNT NAME	DEBIT	CREDIT	DEBIT	CREDIT
   Cash	32,725		fill in the blank 81cf44018fd4077_1	fill in the blank 81cf44018fd4077_2
   Accounts Receivable	960		fill in the blank 81cf44018fd4077_3	fill in the blank 81cf44018fd4077_4
   Merchandise Inventory	1,250		fill in the blank 81cf44018fd4077_5	fill in the blank 81cf44018fd4077_6
   Supplies	1,525		fill in the blank 81cf44018fd4077_7	fill in the blank 81cf44018fd4077_8
   Prepaid Insurance	930		fill in the blank 81cf44018fd4077_9	fill in the blank 81cf44018fd4077_10
   Office Equipment	5,450		fill in the blank 81cf44018fd4077_11	fill in the blank 81cf44018fd4077_12
   Accum. Depr.-Office Equipment			fill in the blank 81cf44018fd4077_13	fill in the blank 81cf44018fd4077_14
   Accounts Payable		480	fill in the blank 81cf44018fd4077_15	fill in the blank 81cf44018fd4077_16
   M. Bruno, Capital		11,750	fill in the blank 81cf44018fd4077_17	fill in the blank 81cf44018fd4077_18
   M. Bruno, Drawing	1,125		fill in the blank 81cf44018fd4077_19	fill in the blank 81cf44018fd4077_20
   Unearned Professional Fees		34,700	fill in the blank 81cf44018fd4077_21	fill in the blank 81cf44018fd4077_22
   Wages Expense	1,420		fill in the blank 81cf44018fd4077_23	fill in the blank 81cf44018fd4077_24
   Advertising Expense	350		fill in the blank 81cf44018fd4077_25	fill in the blank 81cf44018fd4077_26
   Rent Expense	700		fill in the blank 81cf44018fd4077_27	fill in the blank 81cf44018fd4077_28
   Telephone Expense	130		fill in the blank 81cf44018fd4077_29	fill in the blank 81cf44018fd4077_30
   Utilities Expense	190		fill in the blank 81cf44018fd4077_31	fill in the blank 81cf44018fd4077_32
   Miscellaneous Expense	175		fill in the blank 81cf44018fd4077_33	fill in the blank 81cf44018fd4077_34
   Income Summary			fill in the blank 81cf44018fd4077_35	fill in the blank 81cf44018fd4077_36
   Professional Fees Income			fill in the blank 81cf44018fd4077_37	fill in the blank 81cf44018fd4077_38
   Supplies Expense			fill in the blank 81cf44018fd4077_39	fill in the blank 81cf44018fd4077_40
   Insurance Expense			fill in the blank 81cf44018fd4077_41	fill in the blank 81cf44018fd4077_42
   Depr. Expense-Office Equipment			fill in the blank 81cf44018fd4077_43	fill in the blank 81cf44018fd4077_44
   Wages Payable			fill in the blank 81cf44018fd4077_45	fill in the blank 81cf44018fd4077_46
   	46,930	46,930	fill in the blank 81cf44018fd4077_47	fill in the blank 81cf44018fd4077_48

   PRACTICE EXERCISE 4

   LO4

   Carry the Income Summary account from the Adjustments columns into the Income Statement columns as two separate figures. For merchandise inventory, record the amount of the ending inventory in the Balance Sheet Debit column. For unearned revenue, record the unearned revenue account in the Balance Sheet Credit column and the revenue account in the Income Statement Credit column.

   Complete the Income Statement and Balance Sheet columns of the work sheet for Bruno Company from Practice Exercise 3.

   If an amount is zero, enter "0".

   Bruno Company Worksheet
   	TRIAL BALANCE		ADJUSTMENTS		INCOME STATEMENT		BALANCE SHEET
   ACCOUNT NAME	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT
   Cash	32,725		fill in the blank 50461cf8704905e_1	fill in the blank 50461cf8704905e_2	fill in the blank 50461cf8704905e_3	fill in the blank 50461cf8704905e_4	fill in the blank 50461cf8704905e_5	fill in the blank 50461cf8704905e_6
   Accounts Receivable	960		fill in the blank 50461cf8704905e_7	fill in the blank 50461cf8704905e_8	fill in the blank 50461cf8704905e_9	fill in the blank 50461cf8704905e_10	fill in the blank 50461cf8704905e_11	fill in the blank 50461cf8704905e_12
   Merchandise Inventory	1,250		fill in the blank 50461cf8704905e_13	fill in the blank 50461cf8704905e_14	fill in the blank 50461cf8704905e_15	fill in the blank 50461cf8704905e_16	fill in the blank 50461cf8704905e_17	fill in the blank 50461cf8704905e_18
   Supplies	1,525		fill in the blank 50461cf8704905e_19	fill in the blank 50461cf8704905e_20	fill in the blank 50461cf8704905e_21	fill in the blank 50461cf8704905e_22	fill in the blank 50461cf8704905e_23	fill in the blank 50461cf8704905e_24
   Prepaid Insurance	930		fill in the blank 50461cf8704905e_25	fill in the blank 50461cf8704905e_26	fill in the blank 50461cf8704905e_27	fill in the blank 50461cf8704905e_28	fill in the blank 50461cf8704905e_29	fill in the blank 50461cf8704905e_30
   Office Equipment	5,450		fill in the blank 50461cf8704905e_31	fill in the blank 50461cf8704905e_32	fill in the blank 50461cf8704905e_33	fill in the blank 50461cf8704905e_34	fill in the blank 50461cf8704905e_35	fill in the blank 50461cf8704905e_36
   Accum. Depr.-Office Equipment			fill in the blank 50461cf8704905e_37	fill in the blank 50461cf8704905e_38	fill in the blank 50461cf8704905e_39	fill in the blank 50461cf8704905e_40	fill in the blank 50461cf8704905e_41	fill in the blank 50461cf8704905e_42
   Accounts Payable		480	fill in the blank 50461cf8704905e_43	fill in the blank 50461cf8704905e_44	fill in the blank 50461cf8704905e_45	fill in the blank 50461cf8704905e_46	fill in the blank 50461cf8704905e_47	fill in the blank 50461cf8704905e_48
   M. Bruno, Capital		11,750	fill in the blank 50461cf8704905e_49	fill in the blank 50461cf8704905e_50	fill in the blank 50461cf8704905e_51	fill in the blank 50461cf8704905e_52	fill in the blank 50461cf8704905e_53	fill in the blank 50461cf8704905e_54
   M. Bruno, Drawing	1,125		fill in the blank 50461cf8704905e_55	fill in the blank 50461cf8704905e_56	fill in the blank 50461cf8704905e_57	fill in the blank 50461cf8704905e_58	fill in the blank 50461cf8704905e_59	fill in the blank 50461cf8704905e_60
   Unearned Professional Fees		34,700	fill in the blank 50461cf8704905e_61	fill in the blank 50461cf8704905e_62	fill in the blank 50461cf8704905e_63	fill in the blank 50461cf8704905e_64	fill in the blank 50461cf8704905e_65	fill in the blank 50461cf8704905e_66
   Wages Expense	1,420		fill in the blank 50461cf8704905e_67	fill in the blank 50461cf8704905e_68	fill in the blank 50461cf8704905e_69	fill in the blank 50461cf8704905e_70	fill in the blank 50461cf8704905e_71	fill in the blank 50461cf8704905e_72
   Advertising Expense	350		fill in the blank 50461cf8704905e_73	fill in the blank 50461cf8704905e_74	fill in the blank 50461cf8704905e_75	fill in the blank 50461cf8704905e_76	fill in the blank 50461cf8704905e_77	fill in the blank 50461cf8704905e_78
   Rent Expense	700		fill in the blank 50461cf8704905e_79	fill in the blank 50461cf8704905e_80	fill in the blank 50461cf8704905e_81	fill in the blank 50461cf8704905e_82	fill in the blank 50461cf8704905e_83	fill in the blank 50461cf8704905e_84
   Telephone Expense	130		fill in the blank 50461cf8704905e_85	fill in the blank 50461cf8704905e_86	fill in the blank 50461cf8704905e_87	fill in the blank 50461cf8704905e_88	fill in the blank 50461cf8704905e_89	fill in the blank 50461cf8704905e_90
   Utilities Expense	190		fill in the blank 50461cf8704905e_91	fill in the blank 50461cf8704905e_92	fill in the blank 50461cf8704905e_93	fill in the blank 50461cf8704905e_94	fill in the blank 50461cf8704905e_95	fill in the blank 50461cf8704905e_96
   Miscellaneous Expense	175		fill in the blank 50461cf8704905e_97	fill in the blank 50461cf8704905e_98	fill in the blank 50461cf8704905e_99	fill in the blank 50461cf8704905e_100	fill in the blank 50461cf8704905e_101	fill in the blank 50461cf8704905e_102
   Income Summary			fill in the blank 50461cf8704905e_103	fill in the blank 50461cf8704905e_104	fill in the blank 50461cf8704905e_105	fill in the blank 50461cf8704905e_106	fill in the blank 50461cf8704905e_107	fill in the blank 50461cf8704905e_108
   Professional Fees Income			fill in the blank 50461cf8704905e_109	fill in the blank 50461cf8704905e_110	fill in the blank 50461cf8704905e_111	fill in the blank 50461cf8704905e_112	fill in the blank 50461cf8704905e_113	fill in the blank 50461cf8704905e_114
   Supplies Expense			fill in the blank 50461cf8704905e_115	fill in the blank 50461cf8704905e_116	fill in the blank 50461cf8704905e_117	fill in the blank 50461cf8704905e_118	fill in the blank 50461cf8704905e_119	fill in the blank 50461cf8704905e_120
   Insurance Expense			fill in the blank 50461cf8704905e_121	fill in the blank 50461cf8704905e_122	fill in the blank 50461cf8704905e_123	fill in the blank 50461cf8704905e_124	fill in the blank 50461cf8704905e_125	fill in the blank 50461cf8704905e_126
   Depr. Expense-Office Equipment			fill in the blank 50461cf8704905e_127	fill in the blank 50461cf8704905e_128	fill in the blank 50461cf8704905e_129	fill in the blank 50461cf8704905e_130	fill in the blank 50461cf8704905e_131	fill in the blank 50461cf8704905e_132
   Wages Payable			fill in the blank 50461cf8704905e_133	fill in the blank 50461cf8704905e_134	fill in the blank 50461cf8704905e_135	fill in the blank 50461cf8704905e_136	fill in the blank 50461cf8704905e_137	fill in the blank 50461cf8704905e_138
   	46,930	46,930	fill in the blank 50461cf8704905e_139	fill in the blank 50461cf8704905e_140	fill in the blank 50461cf8704905e_141	fill in the blank 50461cf8704905e_142	fill in the blank 50461cf8704905e_143	fill in the blank 50461cf8704905e_144
   Net Income					fill in the blank 50461cf8704905e_145	fill in the blank 50461cf8704905e_146	fill in the blank 50461cf8704905e_147	fill in the blank 50461cf8704905e_148
   					fill in the blank 50461cf8704905e_149	fill in the blank 50461cf8704905e_150	fill in the blank 50461cf8704905e_151	fill in the blank 50461cf8704905e_152

   PRACTICE EXERCISE 5