he Trial Balance of the Printer Repair Company at December 31, 2018, contains the following account balances listed in alphabetical order to increase your skill in sorting amounts to the proper work sheet columns.

Using these account balances and the following additional information, how do you create work sheet for Printer Repair Company. Arrange the accounts in their approximate usual order.

1. Supplies on hand at December 31, 2018, have a cost of $1,800.
2. The balance in the Prepaid Insurance account represents the cost of a two-year insurance policy covering the period from January 1, 2018, through December 31, 2019.
3. The estimated lives of depreciable assets are buildings, 30 years, and equipment, 15 years. No salvage values are anticipated.

Format your worksheet as shown in Exhibit 4.2 below:

ATTACHMENT PREVIEW

Download attachment

4-6.png

PRINTER REPAIR COMPANY

Trial Balance Account Balances

December 31, 2018

Accounts Payable

$ 41,000

Accounts Receivable

92,000

Accumulated Depreciation-Buildings

25,000

Accumulated Depreciation-Equipment

9,000

Buildings

150,000

Capital Stock

65,000

Cash

41,000

Equipment

45,000

Prepaid Insurance

3,600

Retained Earnings, January 1, 2018

4,800

Salaries Expense

96,000

Service Revenue

290,000

Supplies on Hand

4,000

Utilities Expense

3,200