It's the end of the month, and you have gathered the required information needed to adjust your records to get them up to date. You are to adjust the entries in the general journal and ledgers, post to the appropriate accounts, and check your work with the adjusted trail balance. Continue to use this word document OR the excel templates provided in blackboard.

April 30

• Ending balance of supplies is $1850.
• Two months of Insurance is Expired Two months of depreciation on equipment
• Hint: Use the straight line method:
• Cost $5,700
• Salvage Value $1,500
• Useful life 5 years (60 months)

April 30-balances

Cash- balance $79,592.41

Account receivable balance-$2,760

Supplies balance-$2,725

Prepaid insurance balance-$4,000

Equipment balance-$5,700

Accounts payable balance-$8,425

Unearned Service-$3,570

Federal Income Tax Payable balance-$386

FICA tax Payable balance-$488.56

Medicare Payable balance-$114.26

Federal Unemployment Payable balance-$33.00

State Unemployment Payable balance-$22.55

Owner's Capital balance-$75,000

Owner's withdrawals balance-$2,000

Service Revenue balance-$14,045

Salaries Expense-$3,940

Electric Expense balance-$430

Supplies Expense balance 0

Insurance Expense balance 0

Depreciation Expense 0

Bank Fee expense balance-$25

Payroll taxes expense balance-$356.96

Miscellaneous Expense balance-$55.00

Create adjusted trail balance for end of April