Homework Problem 1. Micron, Inc. was organized three years ago. Information for the year-end adjusting entries on December 31 is shown below:

Required: Record the adjusting entries in the general journal.

Complete the adjusted trial balance worksheet.

Prepare an income statement for Micron, Inc. for the year ended December 31, 20xx Adjusting Entries

a. Depreciation on the company's equipment was $7,187.

b. On January 1 the company purchased a 2-year, (24 month) insurance policy for $10,080. Recorded the expired insurance as of December 31.

c. Wages of $9,287 had been earned by employees but had not been paid as of December 31

d. The beginning balance of Office Supplies (asset) as of January 1 was $500. During the year, $4,600 of supplies (asset) had been purchased. A physical count as of December 31 showed $1,050 remaining.

e. Received $15,000 in advance for work to be performed during the year. As of December 31, 60% of the work had been completed

f. The company earned (but has not recorded) $425 in interest from investments in Certificate of Deposits. The interest revenue will be collected in the following year.

Can you show the adjust trial balance worksheet ?

Thank you

Nuchanart