Instructions \begin{tabular}{|l|l|} \hline Instructions \\ \hline 1 & Cash \\ \hline 2 & ACCOUNTT TITE \\ \hline 3 & Prepaid Insurance \\ \hline 4 & Equipment \\ \hline \end{tabular} 25,000.00 5 Accumulated Depreciation-Equipment 6. Trucks 40,000,00 7 Accumulated Depreciation-Trucks 15,000.00 78. Accounts Payable 5,000,00 9 Common Stock 26,00000 10. Retained Earmings" 38,90000 10 Retained Earnings 11 Dividends 12 Service Revenue i3 Wages Expense 14 Rent Expense 15. Truck Expense 16. Miscellaneous Expense 17. Totals \begin{tabular}{|cc|} \hline & 38,900.00 \\ \hline 15,000.00 & \\ \hline & 170,000.00 \\ \hline 45,000.00 & \\ \hline 10,300,00 \\ \hline 9,000.00 \\ \hline 4,800.00 \\ \hline 279,900.00 & \\ \hline \end{tabular} The data needed to determine year-end adjustments are as follows: (a) Supplies on hand at March 31 are $7,000. (b) Insurance premiums expired during year are $2,400. (c) Depreciation of equipment during year is $8,550. (d) Depreciation of trucks during year is $6,000 (e) Wages accrued but not paid at March 31 are $700 1. For each account listed in the uial balance, enter the balance in the appropriate Balance column of a fout-coluinn accoumt and seleca the check mark in the Post. Ret column. 2. (Optional) On your own paper or spreadsheet, enter the unadfusted trial balance on an end-of period work shieet and complete the work sheet. 3. a. Joumalize the adjusting entries on Page 26 of the joumal. Adjusting entries are recorded on March 31. b. Post the adjusting entries to the ledger, inserting batances in the accounts affected. 4. Prepare an adjusted tial batance. 5. a. Prepare an income stasement for the year ended March 31, 20Y4. b. Prepare a statement of stockholders' equity for the year ended March 31, 20Y4, addisonat common stock of 58,000 was issued. c. Prepare a balance sheet as of March 31, 20Y4. 6. a Joumatize the closing entries on page 27 of the joumal. (Note: Complete the adjusted triat balance, the income statement, the stamment of stockholders' equity, and the balance sheet BEFORE compleang part 6. a.) b. Post the closing entries, inserting balances in the accounts affected, 7. Prepare a post-closing wial balance. Instructions \begin{tabular}{|l|l|} \hline Instructions \\ \hline 1 & Cash \\ \hline 2 & ACCOUNTT TITE \\ \hline 3 & Prepaid Insurance \\ \hline 4 & Equipment \\ \hline \end{tabular} 25,000.00 5 Accumulated Depreciation-Equipment 6. Trucks 40,000,00 7 Accumulated Depreciation-Trucks 15,000.00 78. Accounts Payable 5,000,00 9 Common Stock 26,00000 10. Retained Earmings" 38,90000 10 Retained Earnings 11 Dividends 12 Service Revenue i3 Wages Expense 14 Rent Expense 15. Truck Expense 16. Miscellaneous Expense 17. Totals \begin{tabular}{|cc|} \hline & 38,900.00 \\ \hline 15,000.00 & \\ \hline & 170,000.00 \\ \hline 45,000.00 & \\ \hline 10,300,00 \\ \hline 9,000.00 \\ \hline 4,800.00 \\ \hline 279,900.00 & \\ \hline \end{tabular} The data needed to determine year-end adjustments are as follows: (a) Supplies on hand at March 31 are $7,000. (b) Insurance premiums expired during year are $2,400. (c) Depreciation of equipment during year is $8,550. (d) Depreciation of trucks during year is $6,000 (e) Wages accrued but not paid at March 31 are $700 1. For each account listed in the uial balance, enter the balance in the appropriate Balance column of a fout-coluinn accoumt and seleca the check mark in the Post. Ret column. 2. (Optional) On your own paper or spreadsheet, enter the unadfusted trial balance on an end-of period work shieet and complete the work sheet. 3. a. Joumalize the adjusting entries on Page 26 of the joumal. Adjusting entries are recorded on March 31. b. Post the adjusting entries to the ledger, inserting batances in the accounts affected. 4. Prepare an adjusted tial batance. 5. a. Prepare an income stasement for the year ended March 31, 20Y4. b. Prepare a statement of stockholders' equity for the year ended March 31, 20Y4, addisonat common stock of 58,000 was issued. c. Prepare a balance sheet as of March 31, 20Y4. 6. a Joumatize the closing entries on page 27 of the joumal. (Note: Complete the adjusted triat balance, the income statement, the stamment of stockholders' equity, and the balance sheet BEFORE compleang part 6. a.) b. Post the closing entries, inserting balances in the accounts affected, 7. Prepare a post-closing wial balance
