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O 1. Worksheet (24 points) - Bahamas Enterprises offers rug cleaning services to business clients. Below is the trial balance for Bahamas Enterprises, which has

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O 1. Worksheet (24 points) - Bahamas Enterprises offers rug cleaning services to business clients. Below is the trial balance for Bahamas Enterprises, which has been entered into the work sheet for the year ended January 31. REQUIRED: A. Enter the adjusting entries in the worksheet and complete the Adjusted Trial Balance columns ONLY (12 points) Adjustment data: a. The equipment is estimated to last for 5 years with no salvage value. The asset will be depreciated cvenly over its useful life. Record one month's depreciativa. b. Accrued wages, S4 c. Unused supplies on hand, $16. d. Of the uncarned revenue, 75% has been eamed. e. Unexpired insurance remaining at the end of the month, $18. B. Using the Adjusted Trial Balance, calculate the following (12 points): a. Nel income b. Ending capital balance c. Total Assets d. Total liabilities Bahamas Enterprises End-of-Period Spreadsheet For the Year Ended January 31 Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Cash 72 Prepaid Insurance 24 Tees Receivable 112 Supplies Equipment 120 Accumulated Depreciation Uneamed Reveme Accounts Payable Wages Payable Ruben Ramon, Capital Ruben Ramon, Drawing Service Revenue Advertising Expense 561 Wage Expense NA 24 24 40 64 168 8 160 40 Totals 456 456 nvestigate Display Settings

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