In the Adjustments columns of the work sheet, record the following adjusting entries:

	For merchandise inventory: Debit Income Summary and credit Merchandise Inventory (to remove the beginning inventory); then debit Merchandise Inventory and credit Income Summary (to enter the ending inventory).
	For unearned revenue: Debit the unearned revenue account and credit the revenue account (to record revenue earned)
	For supplies used: Debit Supplies Expense and credit Supplies.
	For expired insurance: Debit Insurance Expense and credit Prepaid Insurance.
	For depreciation: Debit Depreciation Expense and credit Accumulated Depreciation.
	For accrued wages or salaries: Debit Wages Expense or Salaries Expense and credit Wages Payable or Salaries Payable.

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". 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".

Take the adjusting entries recorded in the journal directly from the Adjustments columns of the work sheet.

Prepare the year-end adjusting entries from the Adjustments column of Bruno Company's work sheet from Practice Exercise 3.