Instructions Lakota Freight Co. UNADJUSTED TRIAL BALANCE March 31, 2014 ACCOUNT TITLE CREDIT 1 Cash DEBIT 10,000.00 31,000.00 4,800.00 110,000.00 25,000.00 40,000.00 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accumulated Depreciation-Equipment 6 Trucks 7 Accumulated Depreciation-Trucks 8 Accounts Payable 9 Common Stock 10 Retained Earnings 11 Dividends 15,000.00 5,000.00 26,000.00 38,900.00 15,000.00 12 Service Revenue 170,000.00 13 Wages Expense 14 Rent Expense 15 Truck Expense 16 Miscellaneous Expense 45,000.00 10,300.00 9,000.00 4,800.00 279,900.00 17 Totals 279,900.00 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. Ledger 1. For each account listed in the trial balance, use 3/31 as the date, enter the word "Balance", select the check mark in the Post. Ref. column, and then enter the balance in the appropriate Balance column of a four-column account. 3. b. Post the adjusting entries to the ledger, inserting balances in the accounts affected. 6. b. Post the closing entries, inserting balances in the accounts affected. Leave the ITEM column BLANK for each row except when entering an account balance in the first row. If the account balance is zero (0) after closing entries are posted, enter a zero (0) in the account's normal balance column. LEDGER Account: Cash Account: Supplies Account: Prepaid Insurance Account: Equipment Account: Accumulated Depreciation-Equipment Account: Trucks Account: Accumulated Depreciation-Trucks Account: Accounts Payable Account: Wages Payable Account: Common Stock Account: Retained Earnings Account: Dividends Account: Service Revenue Account: Wages Expense Account: Supplies Expense Account: Rent Expense Account: Truck Expense Account: Depreciation Expense-Equipment Account: Depreciation Expense-Trucks Account: Insurance Expense Account: Miscellaneous Expense Account No. 11 Account No. 13 Account No. 14 Account No. 16 Account No. 17 Account No. 18 Account No. 19 Account No. 21 Account No. 22 Account No. 31 Account No. 32 Account No. 33 Account No. 41 Account No. 51 Account No. 52 Account No. 53 Account No. 54 Account No. 55 Account No. 56 Account No. 57 Account No. 59