Other data:

1. Supplies on hand total $380.

2. Depreciation is $1,000 per quarter.

3. Interest accrued on 6-month note payable, issued January 1, $300.

4. Insurance expires at the rate of $200 per month.

5. Services provided but unbilled at March 31 total $530.

Instructions

1. Journalize the adjusting entries from the adjustments columns of the worksheet.
2. Enter the trial balance on a worksheet and complete the worksheet.

c. Prepare an income statement and a retained earnings statement for the quarter and a classified balance sheet at March 31.