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Kirk Enterprises offers rug cleaning services to business clients. Below is the trial balance for Kirk Enterprises, which was prepared on the end-of-period spreadsheet for

Kirk Enterprises offers rug cleaning services to business clients. Below is the trial balance for Kirk Enterprises, which was prepared on the end-of-period spreadsheet for the year ended July 31. Required: Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns. If an amount box does not require an entry, leave it blank. a. Depreciation expense, $1,000. b. Wages accrued, but not paid, $2,000. c. Supplies on hand, $8,000. d. Of the unearned revenue, 75% has been earned. e. Unexpired insurance at July 31, $9,000. For the Year Ended July 31 Unadjusted Trial Balance Adjustments Credit Debit Credit Debit Adjusted Trial Balance Credit Debit Cash 36,000 Prepaid Insurance 12,000 Accounts Receivable 56,000 Supplies 12,000 Equipment 60,000 Accumulated Depreciation 12,000 Unearned Revenue 20,000 Accounts Payable 32,000 Wages Payable Common Stock 84,000 Dividends 4,000 Service Revenue 80,000 Advertising Expense 28,000 Wage Expense 20,000 Insurance Expense Supplies Expense Depreciation Expense 228,000 228,000

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