From the following trial balance and adjustment data, complete a worksheet for

J. TrentJ. Trent

as of

JulyJuly

31,

201 Upper X201X:

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(Click the icon to view the unadjusted trial balance.)

Complete the worksheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit or credit amoun that corresponds to the letter of the adjusting entry (a., b., c., etc.) For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (Leave unused cells blank. Do not enter a "0" for any zero balances.)

			J. Trent
			Worksheet
			Month Ended July 31, 201X
		Trial Balance		Adjustments
	Account Titles	Dr.	Cr.		Dr.		Cr.
	Cash	5
	Accounts Receivable	10
	Prepaid Insurance	7				b.	1
	Store Supplies	9				c.	8
	Store Equipment	10
	Accumulated Depreciation, Store Equipment		4			a.	2
	Accounts payable		7
	J. Trent, Capital		19
	J. Trent, Withdrawals	2
	Revenue from Clients		28
	Rent Expense	5
	Wage Expense	10		d.	2
	Totals	58	58
	Depreciation Expense, Store Equipment			a.	2
	Insurance Expense			b.	1
	Store Supplies Expense			c.	8
	Wages Payable					d.	2
	Totals				13

Prepaid Rent

Office Equipment

Depreciation Expense, Office Equipment

T. Nguyen, Capital

T. Nguyen, Withdrawals

Complete the following table. (BS = Balance Sheet; IS = Income Statement; OE = Statement of Owner's Equity.)

Account	Category	Normal Balance	Which Financial Statement(s) Found
Accumulated Depreciation, Office Equipment
Prepaid Rent
Office Equipment
Depreciation Expense, Office Equipment
T. Nguyen, Capital
T. Nguyen, Withdrawals
Wages Payable