M N O 0 P Balance Sheet Debit Credit 55,000 1,600 1,300 1,100 10,000 1,350 2,000 1.900 25,700 D F G H M Campbell's Painting Company 6 Worksheet 7 For the month ended December 31, 2017 8 Trial Balance Adjustments Adjusted Trial Balance Income Statement 9 Debil Credit Debit Credit Debit Credit Debit Credit 10 Cash 55,000 55,000 55,000 11 Accounts Receivable 1,600 1,600 1,600 12 Ckaning Supplies 1,300 1,300 1,300 13 Prepaid Insurance 1.100 1,100 1,100 14 Ofice Equipment 10,000 10,000 10,000 15 Accur Depr.Ohce Equip 1,000 1,350 1350 16 Accounts Payable 2,000 2,000 2,000 17 Wages Payable 1,900 1,900 1.900 18 J. Smith Capital 25,700 25,700 25,700 19 J Smith, Drawing 2,300 2300 2,300 20 Fees Eamed 85,000 89,200 89,200 89 200 21 Wages Expense 30,000 31 900 31,900 31,900 22 Rent Expense 4,700 4,700 4,200 4,700 23 Ulbes Exponso 4,100 4,100 4,700 4,100 24 Cleaning Supplies Expense 3,200 4,100 3.200 25 Insurance Expense 400 400 400 26 Accured Income 4200 27 Dope Expense-Office Equip 350 350 350 28 Totals 114,300 115,600 120,150 120.150 120,150 120,150 44,550 29 Net income or loss 30 Totals 31 32 Adjusting Entry information for December 31: 33 A Prepaid Insurance which has expired $100 Instructions 1. Worlesheet 2. Financial Statements 3. Post Closing Trial Balance 2,300 4200 75,500 30,950 Type here to search TE Debit Credit 400 400 30 Totals 31 32 Adjusting Entry information for December 31: 33 A. Prepaid Insurance which has expired $400. 34 B Ending Cleaning Supplies Inventory is $1,300 35 C Fees earned but not yel received is $4,200 36 D Depreciation on the Office Equipment for this year, $350 37 E Wages accrued but not yet paid $1,900. 38 39 (c) Journalize the adjusting entries using the workshoot as a basis 40 dec 31 20x1 41 A Insurance expense 42 To Prepaid insurance 43 dec 31 20x1 44 . Cleaning supplios exponse 45 To Cleaning supplies 16 dec 31 20x1 47 C Foscanned 48 To Accured income 49 dec 31 201 50 D D Equip 51 To Acumulatod depreciation 52 doc 31 20x1 53 E Wages exponse 54 To Wages payable 55 56 3,200 3,200 350 350 350 350 1.900 1.900 R Is this correct and if So what are the totals for net incone or loss alt and totals