Homework $-$ Campus Delivery Service

Jason Armstrong owns a business called Campus Delivery Service. The trial balance as of December $31,$ after the second full year of operations, is as follows:

Campus Delivery Service

Trial Balance

December $31,2020$

$\backslash$table$[[$Account Title,Debit Balance$],[$Cash$,980],[$Accounts Receivable,$590],[$Supplies$,575],[$Prepaid Insurance,$1300],[$Van$,5800],[$Accumulated Depreciation, Van,$],[$Accounts Payable,$],[$Wages Payable,$],[$Jason Armstrong, Capital,$],[$Jason Armstrong, Drawing,$600],[$Delivery Fees,$],[$Wages Expense,$1800],[$Advertising Expense,$380],[$Rent Expense,$900],[$Supplies Expense,$220],[$Telephone Expense,$],[$Insurance Expense,$315],[$Repair Expense,$100],[$Depreciation Expense, Van,$13560],[$Oil and Gas Expense,$]]$

Credit Balance

Page $2$ or

Data to complete the adjustments are as follows:

$($a$)$ Ending inventory of supplies on December $31,2020,$$$185.$

$($b$)$ Unexpired $($remaining$)$ insurance as of December $31,2020,$ $$400.$

$($c$)$ Depreciation of van, $$300.$

$($d$)$ Wages eamed but not paid as of December $31,2020,$ $$190.$

Instructions:

Enter the opening balances in the Trial Balance columns of the work sheet.

Enter the adjustments in the Adjustments columns of the work sheet.

Complete the work sheet.

Campus Delivery Service

Work Sheet

For Month Ended December $31,2020$

$\backslash$table$[[$Account Title,Trial Balance,Adjustments,Adjusted Trial Balance,Income Statement,Balance Sheet$],[$Debit$,$Credit,Debit,Credit,Debit,Credit,Debit,Credit,Debit,Credit$],[$Cash$],[$Accounts Receivable$],[$Supplies$],[$Prepaid Insurance$],[$Van$],[$Acc$.$ Depreciation $-$ Van,,,,,,,$\text{'},,,],[$Accounts Payable$],[$Wages Payable$],[$Jason Armstrong, Capital$],[$Jason Armstrong, Drawing$],[$Delivery Fees$],[$Wages Expense$],[$Advertising Expense$],[$Rent Expense$],[$Supplies Expense$],[$Telephone Expense$],[$Insurance Expense,,,,,,h$,,,,],[$Repair Expense$],[$Depreciation Exp. $-$ Van$],[\backslash$table$[[$Oil and Gas Expense$]]],[,,,,,,,,,,],[,,,,,,,,,,],[,,,,,,,,,,],[,,,,,,,,,,]]$